Bank loans in Singapore declined to SGD 677.9 billion in August 2020 from SGD 678.7 billion in the previous month. It was the smallest bank lending since April last year, as lending to businesses declined (SGD 422.5 billion vs SGD 424.2 billion in June) while consumer loans increased (255.3 vs SGD 254.5 billion), amid the coronavirus pandemic. Within businesses, loans fell for manufacturing (SGD 25.4 billion vs SGD 26.7 billion); financial institutions (SGD 101.3 billion vs SGD 103.5 billion). Meanwhile, loans increased for general commerce (64.8 billion vs SGD 64.4 billion); agriculture, mining & quarrying (2.4 billion vs SGD 2.3 billion); building and construction (SGD 149.8 billion vs SGD 148.6 billion); business services (SGD 11.4 billion vs SGD 11.3 billion); transport, storage & communication (SGD 27 billion vs SGD 26.4 billion). source: Monetary Authority of Singapore

Loans to Private Sector in Singapore averaged 226092.02 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 October of 2020.

Loans to Private Sector in Singapore is expected to be 686861.00 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 710488.00 in 12 months time. In the long-term, the Singapore Loans to Private Sector is projected to trend around 717770.00 SGD Million in 2021 and 732843.00 SGD Million in 2022, according to our econometric models.

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Singapore Loans to Private Sector

Actual Previous Highest Lowest Dates Unit Frequency
677856.70 678665.60 692846.00 16439.80 1980 - 2020 SGD Million Monthly
Current Prices, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-06-30 02:00 AM May $685.3B $689.7B
2020-07-30 02:00 AM Jun $680.4B $685.3B $ 687.1B
2020-08-31 02:00 AM Jul $678.7B $680.1B $675.3B
2020-09-30 02:00 AM Aug $677.9B $678.7B $671.1B
2020-10-30 02:00 AM Sep $677.9B $ 684.5B
2020-11-30 02:00 AM Oct
2020-12-31 02:00 AM Nov


News Stream
Singapore Bank Lending Smallest in 16 Months
Bank loans in Singapore declined to SGD 677.9 billion in August 2020 from SGD 678.7 billion in the previous month. It was the smallest bank lending since April last year, as lending to businesses declined (SGD 422.5 billion vs SGD 424.2 billion in June) while consumer loans increased (255.3 vs SGD 254.5 billion), amid the coronavirus pandemic. Within businesses, loans fell for manufacturing (SGD 25.4 billion vs SGD 26.7 billion); financial institutions (SGD 101.3 billion vs SGD 103.5 billion). Meanwhile, loans increased for general commerce (64.8 billion vs SGD 64.4 billion); agriculture, mining & quarrying (2.4 billion vs SGD 2.3 billion); building and construction (SGD 149.8 billion vs SGD 148.6 billion); business services (SGD 11.4 billion vs SGD 11.3 billion); transport, storage & communication (SGD 27 billion vs SGD 26.4 billion).
2020-09-30
Singapore Bank Lending Smallest in 15 Months
Bank loans in Singapore dropped to SGD 678.7 billion in July 2020 from a downwardly revised SGD 680.1 billion in the previous month. It was the smallest bank lending since April last year, as lending to businesses declined (SGD 424.2 billion vs SGD 425.6 billion in June) while consumer loans were unchanged (at SGD 254.5 billion), amid the coronavirus pandemic. Within businesses, loans fell for manufacturing (SGD 26.7 billion vs SGD 29.1 billion); business services (SGD 11.3 billion vs SGD 11.4 billion); transport, storage & communication (SGD 26.4 billion vs SGD 26.9 billion). Meanwhile, loans were unchanged for both general commerce (at SGD 64.4 billion) and agriculture, mining & quarrying (at SGD 2.3 billion). On the other hand, loans increased for building and construction (SGD 148.6 billion vs SGD 148.1 billion); financial institutions (SGD 103.5 billion vs SGD 102.2 billion).
2020-08-31
Singapore Bank Lending Smallest in 14 Months
Bank loans in Singapore dropped to SGD 680.4 billion in June 2020 from SGD 685.3 billion in the previous month. It was the smallest bank lending since April last year, as both consumer loans (254.5 billion vs SGD 254.7 billion in May) and lending to businesses (SGD 425.8 billion vs SGD 430.6 billion) declined, amid coronavirus pandemic. Within businesses, loans fell for financial institutions (SGD 102.2 billion vs SGD 103.5 billion); general commerce (SGD 64.6 billion vs SGD 65.6 billion). On the other hand, loans increased for manufacturing (SGD 29.1 billion vs SGD 28.8 billion); business services (SGD 11.4 billion vs SGD 11.3 billion); transport, storage & communication (SGD 26.9 billion vs SGD 29.4 billion), and building and construction (SGD 148.1 billion vs SGD 146.6 billion). Meanwhile, lending to agriculture, mining & quarrying was unchanged (at SGD 2.3 billion).
2020-07-30
Singapore Bank Lending Smallest in 8 Months
Bank loans in Singapore dropped to SGD 685.3 billion in May 2020 from SGD 689.7 billion in the previous month. It was the smallest bank lending since September last year, as both consumer loans (254.7 billion vs SGD 255.9 billion in April) and lending to businesses (SGD 430.6 billion vs SGD 433.8 billion) declined. Within businesses, loans fell for financial institutions (SGD 103.5 billion vs SGD 105.9 billion); general commerce (SGD 65.6 billion vs SGD 67.4 billion); agriculture, mining & quarrying (SGD 2.3 billion vs SGD 2.4 billion) and manufacturing (SGD 28.8 billion vs SGD 29.1 billion). On the other hand, loans increased for business services (SGD 11.3 billion vs SGD 11.2 billion); transport, storage & communication (SGD 29.4 billion vs SGD 28.8 billion), and building and construction (SGD 146.6 billion vs SGD 145.6 billion).
2020-06-30

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.