Bank loans in Singapore increased to an all-time high of SGD 692.7 billion in November 2019 from SGD 689.4 billion in the previous month, as both of lending to businesses (SGD 429.8 billion vs SGD 426.8 billion in October) and consumer loans (SGD 262.9 billion vs SGD 262.7 billion) rose. Within businesses, loans went up for: financial institutions (SGD 109.7 billion vs SGD 109.5 billion); general commerce (SGD 69.4 billion vs SGD 68.5 billion); business services (SGD 11.1 billion vs SGD 9.1 billion); building and construction (SGD 141.7 billion vs SGD 141.6 billion); transport, storage & communication (SGD 25.3 billion vs SGD 25.1 billion). Meanwhile, agriculture, mining & quarrying loans decreased (SGD 2.4 billion vs SGD 2.6 billion), whereas those of manufacturing remained unchanged (at SGD 26.9 billion).

Loans to Private Sector in Singapore averaged 206570.41 SGD Million from 1980 until 2018, reaching an all time high of 673253.80 SGD Million in June of 2018 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. source: Monetary Authority of Singapore

Loans to Private Sector in Singapore is expected to be 678351.00 SGD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Loans to Private Sector in Singapore to stand at 678453.00 in 12 months time. In the long-term, the Singapore Loans to Private Sector is projected to trend around 703091.00 SGD Million in 2020, according to our econometric models.


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Singapore Loans to Private Sector

Actual Previous Highest Lowest Dates Unit Frequency
692731.30 689415.30 692731.30 16439.80 1980 - 2019 SGD Million Monthly
Current Prices, NSA

Calendar GMT Actual Previous Consensus TEForecast
2019-09-30 02:00 AM Aug $684.9B $680.7B $679B
2019-10-31 02:00 AM Sep $684.5B $684.9B $ 669.5B
2019-11-29 02:00 AM Oct $689.4B $684.5B $684B
2019-12-31 02:00 AM Nov $692.7B $689.4B $687B
2020-01-31 02:00 AM Dec $692.7B $ 671.7B


News Stream
2019-11-29
Singapore Bank Lending Rises to All-Time High
Bank loans in Singapore increased to an all-time high of SGD 689.4 billion in October 2019 from SGD 684.5 billion in the previous month, as both of lending to businesses (SGD 426.8 billion vs SGD 422.0 billion in September) and consumer loans (SGD 262.7 billion vs SGD 262.5 billion) rose. Within businesses, loans went up for: financial institutions (SGD 109.5 billion vs SGD 102.4 billion); general commerce (SGD 68.5 billion vs SGD 68.4 billion). Meanwhile, loan declined for : business services (SGD 9.1 billion vs SGD 9.7 billion); building and construction (SGD 141.6 billion vs SGD 142.0 billion); transport, storage & communication (SGD 25.1 billion vs SGD 25.8 billion); agriculture, mining and quarrying (SGD 2.6 billion vs SGD 3.0 billion); and manufacturing (SGD 26.9 billion vs SGD 27.8 billion).

2019-10-31
Singapore Bank Lending Falls in September
Bank loans in Singapore declined to SGD 684.5 billion in September 2019 from SGD 684.9 billion in the previous month, as lending to businesses decreased (SGD 422.0 billion vs SGD 422.7 billion in August) while consumer loans rose (SGD 262.5 billion vs SGD 262.1 billion). Within businesses, loans dropped for: financial institutions (SGD 102.4 billion vs SGD 102.8 billion); building and construction (SGD 142.0 billion vs SGD 143.3 billion); transport, storage & communication (SGD 25.8 billion vs SGD 25.9 billion); agriculture, mining and quarrying (SGD 3.0 billion vs SGD 3.1 billion); and manufacturing (SGD 27.8 billion vs SGD 27.9 billion). Meanwhile, loan increased for general commerce (SGD 68.4 billion vs SGD 67.1 billion), and business services (SGD 9.7 billion vs SGD 9.5 billion).

2019-09-30
Singapore Bank Lending Rises in August
Bank loans in Singapore increased to SGD 684.9 billion in August 2019 from SGD 680.7 billion in the previous month, as lending to businesses rose (SGD 422.7 billion vs SGD 418.0 billion in July) while consumer loans went down slightly (SGD 262.1 billion vs SGD 262.7 billion). Within businesses, loans advanced for: financial institutions (SGD 102.8 billion vs SGD 101.7 billion); building and construction (SGD 143.3 billion vs SGD 141.6 billion); transport, storage & communication (SGD 25.9 billion vs SGD 25.5 billion); agriculture, mining and quarrying (SGD 3.1 billion vs SGD 2.9 billion); general commerce (SGD 67.1 billion vs SGD 65.7 billion), and business services (SGD 9.5 billion vs SGD 9.2 billion). Meanwhile, loan declined for manufacturing (SGD 27.9 billion vs SGD 28.0 billion).

2019-08-30
Singapore Bank Lending Smallest in 3 Months
Bank loans in Singapore decreased to SGD 680.7 billion in July 2019 from SGD 687.1 billion in the previous month. This was the smallest bank lending since April, as both lending to businesses (SGD 418.0 billion vs SGD 423.5 billion in June) and consumer loans (SGD 262.7 billion vs SGD 263.6 billion) declined. Within businesses, loans dropped for: financial institutions (SGD 101.7 billion vs SGD 104.9 billion); general commerce (SGD 65.7 billion vs SGD 68.9 billion); manufacturing (SGD 28.0 billion vs SGD 28.8 billion). Meanwhile, loans rose for both building and construction (SGD 141.6 billion vs SGD 140.6 billion) and transport, storage & communication (SGD 25.5 billion vs SGD 25.1 billion). On the other hand, loans was unchanged for agriculture, mining and quarrying (at SGD 2.9 billion); business services (at SGD 9.2 billion).

2019-07-31
Singapore Bank Lending Hits Record High in June
Bank loans in Singapore increased to an all-time high of SGD 687.1 billion in June 2019 from SGD 681.8 billion in the previous month, as lending to businesses rose to SGD 423.5 billion (vs SGD 418.0 billion in May) while consumer loans edged down to SGD 263.6 billion (vs SGD 263.8 billion). Within businesses, loans went up for: financial institutions (SGD 104.9 billion vs SGD 98.0 billion); general commerce (SGD 68.9 billion vs SGD 68.6 billion); manufacturing (SGD 28.8 billion vs SGD 27.7 billion); agriculture, mining and quarrying (SGD 2.9 billion vs SGD 2.8 billion), and construction (SGD 140.6 billion vs SGD 140.2 billion). Meanwhile, loans declined for both business services (SGD 9.2 billion vs SGD 9.8 billion) and transport, storage & communication (SGD 25.1 billion vs SGD 25.8 billion).

2019-06-28
Singapore Bank Lending Hits Record High in May
Bank loans in Singapore increased to an all-time high of SGD 681.8 billion in May 2019 from SGD 676.3 billion in the previous month, as lending to businesses rose to SGD 418.0 billion (vs SGD 411.7 billion in April) while consumer loans inched lower to SGD 263.8 billion (vs SGD 264.6 billion). Within businesses, loans went up for all sectors: construction (SGD 140.2 billion vs SGD 138.9 billion); business services (SGD 9.8 billion vs SGD 9.6 billion); transport, storage & communication (SGD 25.8 billion vs SGD 25.3 billion); financial institutions (SGD 98.0 billion vs SGD 97.7 billion); general commerce (SGD 68.6 billion vs SGD 65.9 billion); manufacturing (SGD 27.7 billion vs SGD 26.8 billion), and agriculture, mining and quarrying (SGD 2.8 billion vs SGD 2.7 billion).


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.

Singapore Money Last Previous Highest Lowest Unit
Interest Rate 1.36 1.63 20.00 -0.75 percent [+]
Money Supply M0 48380.10 47915.70 48380.10 1133.10 SGD Million [+]
Money Supply M1 198164.40 193295.50 198164.40 1202.00 SGD Million [+]
Interbank Rate 1.73 1.73 9.84 0.34 percent [+]
Money Supply M2 633044.80 627568.80 633044.80 6182.30 SGD Million [+]
Money Supply M3 647086.00 641508.70 647086.00 6878.30 SGD Million [+]
Foreign Exchange Reserves 375800.00 377426.70 404019.30 4174.40 SGD Million [+]
Banks Balance Sheet 1371088.20 1362973.90 1371088.20 1509.90 SGD Million [+]
Loans to Private Sector 692731.30 689415.30 692731.30 16439.80 SGD Million [+]
Deposit Interest Rate 0.20 0.20 12.80 0.13 percent [+]
Central Bank Balance Sheet 389057.50 390184.20 416258.30 271915.00 SGD Million [+]