FX.co ★ Singapore Bank Lending Hits Record High

In March 2025, bank loans in Singapore rose to SGD 846.5 billion, up from SGD 841.1 billion in February, setting a new record since data collection began in 1980. This increase was supported by a rise in both business and consumer loans. Business loans grew to SGD 519.6 billion from February's SGD 515.9 billion, while consumer loans increased to SGD 327 billion from SGD 325.2 billion.

Specifically, the business sector saw loan growth in manufacturing, reaching SGD 24.4 billion compared to SGD 22.4 billion; in general commerce, loans climbed to SGD 93.8 billion from SGD 87.5 billion; and in professional, scientific, technical, administrative, and support service activities, loans rose to SGD 15.4 billion from SGD 14.6 billion. Loan levels for building and construction remained unchanged at SGD 177.8 billion.

On the consumer front, notable increases were observed in housing and bridging loans, which went up to SGD 233.6 billion from SGD 233 billion. Car loans edged up slightly to SGD 8.2 billion from SGD 8.1 billion, and other loans increased to SGD 68.4 billion from SGD 67.3 billion.