Singapore bank loans decreased to SGD 786.5 billion in July 2023 from SGD 799.3 billion in the previous month. It was the smallest figure since June 2021, as lending declined to both businesses (SGD 477 billion vs SGD 489.4 billion in June) and consumers (SGD 309.5 billion vs SGD 309.8 billion). On loans to businesses, decreases were observed in building & construction (SGD 169.4 billion vs SGD 171.3 billion), general commerce (SGD 87 billion vs SGD 90.8 billion), transport, storage & communication (SGD 37.2 billion vs SGD 37.6 billion), and financial & insurance activities (SGD 122.1 billion vs SGD 125.1 billion), while lending increased in agriculture, mining & quarrying (SGD 3.9 billion vs SGD 3.88 billion). On the other hand, on consumer lending, other loans (SGD 64.9 billion vs SGD 65.7 billion) dropped the most, while increased for housing & bridging loans (SGD 222.9 billion vs SGD 222.5 billion). source: Monetary Authority of Singapore

Loans to Private Sector in Singapore averaged 262972.75 SGD Million from 1980 until 2023, reaching an all time high of 842813.10 SGD Million in August of 2022 and a record low of 16439.80 SGD Million in January of 1980. This page provides the latest reported value for - Singapore Loans to Private Sector - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Singapore Loans to Private Sector - data, historical chart, forecasts and calendar of releases - was last updated on August of 2023.

Loans to Private Sector in Singapore is expected to be 853908.00 SGD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Singapore Loans to Private Sector is projected to trend around 853862.00 SGD Million in 2024 and 881186.00 SGD Million in 2025, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

API Features Documentation Interested? Click here to contact us
Please Paste this Code in your Website
Width
Height
 Preview

Singapore Loans to Private Sector



Calendar GMT Reference Actual Previous Consensus TEForecast
2023-07-31 02:00 AM Jun S$799.3B S$798.8B S$ 802.0B
2023-08-31 02:00 AM Jul S$786.5B S$799.3B S$797.0B
2023-09-29 02:00 AM Aug S$786.5B


Related Last Previous Unit Reference
Interest Rate 3.71 3.82 percent Aug 2023
Money Supply M1 259576.70 256575.60 SGD Million Jun 2023
Money Supply M0 60481.30 60397.10 SGD Million Jun 2023
Money Supply M2 783862.20 782397.10 SGD Million Jun 2023
Money Supply M3 798487.60 796928.90 SGD Million Jun 2023
Foreign Exchange Reserves 452504.80 448246.40 SGD Million Jul 2023
Banks Balance Sheet 3337299.00 3358729.60 SGD Million Jun 2023
Loans to Private Sector 786459.50 799291.60 SGD Million Jul 2023
Central Bank Balance Sheet 709559.60 705092.10 SGD Million Jul 2023

Singapore Loans to Private Sector
In Singapore, bank lending measures the change in the total value of outstanding bank loans and advances issued to consumers and businesses.
Actual Previous Highest Lowest Dates Unit Frequency
786459.50 799291.60 842813.10 16439.80 1980 - 2023 SGD Million Monthly
Current Prices, NSA

News Stream
Singapore Bank Lending Smallest Since 2021
Singapore bank loans decreased to SGD 786.5 billion in July 2023 from SGD 799.3 billion in the previous month. It was the smallest figure since June 2021, as lending declined to both businesses (SGD 477 billion vs SGD 489.4 billion in June) and consumers (SGD 309.5 billion vs SGD 309.8 billion). On loans to businesses, decreases were observed in building & construction (SGD 169.4 billion vs SGD 171.3 billion), general commerce (SGD 87 billion vs SGD 90.8 billion), transport, storage & communication (SGD 37.2 billion vs SGD 37.6 billion), and financial & insurance activities (SGD 122.1 billion vs SGD 125.1 billion), while lending increased in agriculture, mining & quarrying (SGD 3.9 billion vs SGD 3.88 billion). On the other hand, on consumer lending, other loans (SGD 64.9 billion vs SGD 65.7 billion) dropped the most, while increased for housing & bridging loans (SGD 222.9 billion vs SGD 222.5 billion).
2023-08-31
Singapore Bank Lending Rises to 4-Month High
Singapore bank loans increased to SGD 799.3 billion in June 2023, up from SGD 798.8 billion in the previous month, pointing to the largest since February. Lending climbed to businesses (SGD 489.4 billion vs SGD 489.3 billion in May), particularly agriculture, mining & quarrying (SGD 3.9 billion vs SGD 3.7 billion), building & construction (SGD 171.3 billion vs SGD 169.5 billion), general commerce (SGD 90.8 billion vs SGD 89.8 billion). Meanwhile, lending to both financial services (SGD 125.1 billion vs SGD 127 billion) and professional services (SGD 13.9 billion vs 14 billion) declined. On the other hand, consumer lending also inched up (SGD 309.8 billion vs SGD 309.5 billion), driven by higher loans for housing & bridging (SGD 222.5 vs SGD 222.2 billion) and credit cards (SGD 13.3 billion vs SGD 13.1 billion).
2023-07-31
Singapore Bank Lending Rises in May
Singapore bank loans increased to SGD 798.8 billion in May 2023, up from SGD 792.5 billion in the previous month but slightly below market estimates of SGD 799.3 billion. Lending rose to businesses (SGD 489.3 billion vs SGD 483.1 billion in April), particularly agriculture, mining & quarrying (SGD 3.7 billion vs SGD 3.5 billion), building & construction (SGD 169.5 billion vs SGD 168.9 billion), general commerce (SGD 89.8 billion vs SGD 89.2 billion), financial services (SGD 127 billion vs SGD 123.9 billion), and professional services (SGD 14 billion vs 13.8 billion). Meanwhile, consumer lending also edged up (SGD 309.5 billion vs SGD 309.4 billion), driven by higher loans for housing & bridging (SGD 222.2 vs SGD 221.9 billion) and credit cards (SGD 13.1 billion vs SGD 12.8 billion).
2023-06-30