Singapore’s bank lending rose to a new record high of SGD 966.4 billion in August 2026, up from SGD 939.1 billion in July. Business loans increased to SGD 582.0 billion from SGD 572.8 billion, supported by stronger lending to the building and construction sector (SGD 191.0 billion vs SGD 189.9 billion), financial and insurance activities (SGD 153.7 billion vs SGD 146.8 billion), and the transport, storage, and communication sector (SGD 51.9 billion vs SGD 49.5 billion). By contrast, lending to manufacturing declined (SGD 30.4 billion vs SGD 31.9 billion), as did loans to general commerce (SGD 102.6 billion vs SGD 103.2 billion).
On the household side, consumer loans climbed to SGD 384.4 billion from SGD 366.3 billion, driven by higher housing and bridging loans (SGD 256.6 billion vs SGD 254.7 billion), other personal loans (SGD 98.8 billion vs SGD 83.1 billion), and credit card borrowing (SGD 18.0 billion vs SGD 17.6 billion).
