FX.co ★ Singapore Bank Lending Climbs to New Record High

Singapore’s bank lending rose to a fresh record high of SGD 917.7 billion in May 2026, up from SGD 908.4 billion in April. Business loans increased to SGD 557.8 billion from SGD 551.3 billion, supported mainly by higher lending to manufacturing (SGD 28.1 billion vs SGD 27.3 billion), building and construction (SGD 185.2 billion vs SGD 184.1 billion), transportation, storage and communication (SGD 49.0 billion vs SGD 47.5 billion), and financial and insurance activities (SGD 148.0 billion vs SGD 142.5 billion).

Consumer lending also grew, rising to SGD 360.0 billion from SGD 357.1 billion. The increase was underpinned by higher housing and bridging loans (SGD 251.4 billion vs SGD 249.9 billion), credit card loans (SGD 17.7 billion vs SGD 17.3 billion), share financing (SGD 738.9 billion vs SGD 704.8 billion), and other personal loans (SGD 80.3 billion vs SGD 79.4 billion).