Singapore’s bank lending climbed to a new record high of SGD 978.8 billion in September 2026, up from SGD 966.4 billion in August.
Business loans rose to SGD 591.4 billion, supported mainly by stronger lending to:
- Building and construction: SGD 192.2 billion (vs SGD 191.0 billion in August)
- General commerce: SGD 108.0 billion (vs SGD 102.6 billion)
- Financial and insurance activities: SGD 157.3 billion (vs SGD 153.7 billion)
These gains were partially offset by weaker lending to:
- Agriculture, mining, and quarrying: SGD 4.6 billion (vs SGD 4.7 billion)
- Manufacturing: SGD 28.2 billion (vs SGD 30.4 billion)
- Transport, storage, and communication: SGD 51.8 billion (vs SGD 51.9 billion)
Consumer loans also edged higher, rising to SGD 387.4 billion from SGD 384.4 billion. The increase was driven by:
- Housing and bridging loans: SGD 258.4 billion (vs SGD 256.6 billion)
- Car loans: SGD 10.6 billion (vs SGD 10.3 billion)
- Credit card loans: SGD 18.2 billion (vs SGD 18.0 billion)
