FX.co ★ Singapore Bank Lending Falls from Record High

In April 2025, bank loans in Singapore decreased to SGD 841.9 billion from the all-time high of SGD 846.5 billion recorded the previous month. Business lending saw a decline, dropping to SGD 513.8 billion from SGD 519.6 billion in March. Specifically, loans for sectors such as agriculture, mining, and quarrying decreased to SGD 3.3 billion from SGD 3.6 billion, manufacturing loans fell to SGD 23.8 billion from SGD 24.4 billion, and loans for general commerce reduced to SGD 86.3 billion from SGD 93.8 billion. Conversely, consumer lending experienced an uptrend, rising to SGD 328.1 billion from SGD 327 billion. This increase was mainly driven by higher borrowing for housing and bridging loans, which grew to SGD 234.5 billion from SGD 233.6 billion, as well as a rise in car loans to SGD 8.20 billion from SGD 8.15 billion, credit card loans to SGD 16.4 billion from SGD 16.2 billion, and other loans to SGD 68.5 billion from SGD 68.4 billion.