FX.co ★ Singapore Bank Lending Edges Higher to S$887.5B in January 2026

Singapore’s bank lending inched up in January 2026, with total loans rising to S$887.5 billion from S$886.1 billion in December 2025, according to the latest data updated on 27 February 2026.

The modest increase in lending suggests a steady credit environment, with banks continuing to extend financing across the economy at the start of the year. While the gain from December to January is incremental, the move higher may reflect resilient business and consumer demand for credit despite an uncertain global backdrop.

Market participants will be watching subsequent monthly releases closely to see whether this uptick develops into a stronger lending trend or remains a marginal expansion in Singapore’s banking sector.