Singapore bank loans decreased to SGD 786.5 billion in July 2023 from SGD 799.3 billion in the previous month. It was the smallest figure since June 2021, as lending declined to both businesses (SGD 477 billion vs SGD 489.4 billion in June) and consumers (SGD 309.5 billion vs SGD 309.8 billion). On loans to businesses, decreases were observed in building & construction (SGD 169.4 billion vs SGD 171.3 billion), general commerce (SGD 87 billion vs SGD 90.8 billion), transport, storage & communication (SGD 37.2 billion vs SGD 37.6 billion), and financial & insurance activities (SGD 122.1 billion vs SGD 125.1 billion), while lending increased in agriculture, mining & quarrying (SGD 3.9 billion vs SGD 3.88 billion). On the other hand, on consumer lending, other loans (SGD 64.9 billion vs SGD 65.7 billion) dropped the most, while increased for housing & bridging loans (SGD 222.9 billion vs SGD 222.5 billion). source: Monetary Authority of Singapore
Loans to Private Sector in Singapore averaged 262972.75 SGD Million from 1980 until 2023, reaching an all time high of 842813.10 SGD Million in August of 2022 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 August of 2023.
Loans to Private Sector in Singapore is expected to be 853908.00 SGD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Singapore Loans to Private Sector is projected to trend around 853862.00 SGD Million in 2024 and 881186.00 SGD Million in 2025, according to our econometric models.