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). 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.

Loans to Private Sector in Singapore is expected to be 692000.00 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 710000.00 in 12 months time. In the long-term, the Singapore Loans to Private Sector is projected to trend around 715000.00 SGD Million in 2020, according to our econometric models.

Singapore Loans to Private Sector
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Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
2019-04-30 02:00 AM Bank Lending Mar $676.1B $672.3B $678B
2019-05-31 02:00 AM Bank Lending Apr $676.3B $676.1B
2019-06-28 02:00 AM Bank Lending May $681.8B $676.3B
2019-07-31 02:00 AM Bank Lending Jun $687.1B $681.8B $ 680.7B
2019-08-30 02:00 AM Bank Lending Jul $687.1B $690B
2019-09-30 02:00 AM Bank Lending Aug
2019-10-31 02:00 AM Bank Lending Sep $ 674.9B


Singapore Money Last Previous Highest Lowest Unit
Interest Rate 1.94 1.67 20.00 -0.75 percent [+]
Money Supply M0 46881.10 46739.70 46904.80 1133.10 SGD Million [+]
Money Supply M1 193034.60 188394.30 193034.60 1202.00 SGD Million [+]
Interbank Rate 1.88 1.88 9.84 0.34 percent [+]
Money Supply M2 620328.20 622406.00 622406.00 6182.30 SGD Million [+]
Money Supply M3 634044.60 635571.00 635571.00 6878.30 SGD Million [+]
Foreign Exchange Reserves 373167.60 370557.90 404019.30 4174.40 SGD Million [+]
Banks Balance Sheet 1323043.20 1312043.40 1323043.20 1509.90 SGD Million [+]
Loans to Private Sector 687081.60 681804.10 687081.60 16439.80 SGD Million [+]
Deposit Interest Rate 0.20 0.20 12.80 0.13 percent [+]
Central Bank Balance Sheet 412386.70 407292.30 413858.90 271915.00 SGD Million [+]


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. 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 - actual data, historical chart and calendar of releases - was last updated on August of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
687081.60 681804.10 687081.60 16439.80 1980 - 2019 SGD Million Monthly
Current Prices, NSA




Country Last Previous
Australia 962.36 Jun/19
Brazil 596543.00 Jun/19
Canada 459193.00 Jun/19
China 10100.00 Jul/19
Euro Area 11289475.00 Jun/19
France 2524392.00 May/19
Germany 1539.90 Jun/19
Indonesia 4766613.00 Jun/19
Italy 658777.00 Jun/19
Japan 469262.70 Jul/19
Mexico 2743547738.00 Jun/19
Netherlands 304624.00 Jun/19
Russia 28558068.00 May/19
Saudi Arabia 1465028.84 Jun/19
Singapore 687081.60 Jun/19
South Africa 3795490.00 Jun/19
South Korea 8533258.00 Jul/19
Spain 444725.00 Jun/19
Switzerland 1502537.00 Jun/19
Turkey 1285917846.00 Jun/19
United Kingdom 2488339.00 Jun/19
United States 2356.33 Jul/19


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