Bank loans in Singapore increased to SGD 676.7 billion in November 2020 from SGD 675.6 billion in the previous month, as consumer loans rose (258.3 vs SGD 257.2 billion in October) while lending to businesses were unchanged (at SGD 418.4 billion), amid the coronavirus pandemic. Within businesses, loans rose for manufacturing (SGD 26.1 billion vs SGD 25.9 billion in October). On the other hand, loans were unchanged for both business services (at SGD 11.3 billion) and building and construction (at SGD 150.9 billion). Meanwhile, loans decreased for financial institutions (SGD 96.6 billion vs SGD 97 billion); general commerce (SGD 63.6 billion vs SGD 64.3 billion); transport, storage & communication (SGD 25.8 billion vs SGD 26.3 billion), and agriculture, mining & quarrying (SGD 2.2 billion vs SGD 2.3 billion). source: Monetary Authority of Singapore
Loans to Private Sector in Singapore averaged 228838.79 SGD Million from 1980 until 2020, reaching an all time high of 692846 SGD Million in February of 2020 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 January of 2021.
Loans to Private Sector in Singapore is expected to be 717323.00 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 707119.00 in 12 months time. In the long-term, the Singapore Loans to Private Sector is projected to trend around 721968.00 SGD Million in 2022 and 737130.00 SGD Million in 2023, according to our econometric models.