FX.co ★ Singapore's Bank Lending Sees a Modest Uptick in May 2025

Singapore's banking sector witnessed a gentle rise in bank lending, edging upwards by 2.7 billion Singapore dollars in May 2025. According to the latest data released on July 1, 2025, the total bank lending reached 844.6 billion SGD, demonstrating a continued albeit modest confidence in the nation’s economic activity.

The figures indicate an increase from April 2025, when the lending volume was recorded at 841.9 billion SGD. This steady climb suggests that businesses and consumers alike are incrementally seeking more credit, potentially driven by ongoing economic recovery and growth initiatives.

The ongoing uptick in bank lending could signify positive sentiment within Singapore's financial markets, as the country proceeds with its endeavors to bolster economic expansion post-global disruptions. Financial analysts view this gradual increase as a promising indicator of the country's resilient banking framework and its robust support towards facilitating economic activities.