Bank loans in Singapore rose to a 12-month high of SGD 691.2 billion in March of 2021 from SGD 686.7 billion in the previous month, as both consumer loans (263.7 vs SGD 262.0 billion in February) and lending to businesses (SGD 427.5 billion vs SGD 424.6 billion) increased. Within businesses, loans advanced for general commerce (SGD 66.9 billion vs SGD 64.3 billion), manufacturing (SGD 27.8 billion vs SGD 27.1 billion), transport, storage & communication (SGD 25.8 billion vs SGD 25.4 billion), and business services (SGD 11.5 billion vs SGD 11.2 billion). Meanwhile, loans declined for building and construction (SGD 151.7 billion vs SGD 152.2 billion), agriculture, mining & quarrying (SGD 1.9 billion vs SGD 2.2 billion), and financial institutions (SGD 101.1 billion vs SGD 102.1 billion). source: Monetary Authority of Singapore
Loans to Private Sector in Singapore averaged 232517.96 SGD Million from 1980 until 2021, 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 May of 2021.
Loans to Private Sector in Singapore is expected to be 721604.00 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 710765.00 in 12 months time. In the long-term, the Singapore Loans to Private Sector is projected to trend around 724161.00 SGD Million in 2022 and 739368.00 SGD Million in 2023, according to our econometric models.