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.