In May 2025, bank loans in Singapore increased to SGD 844.6 billion from SGD 841.9 billion recorded in April. The rise in lending was observed in both the business sector, which saw an increase to SGD 515 billion from the previous SGD 513.8 billion, and in consumer lending, which grew to SGD 329.6 billion from SGD 328.1 billion.
Breaking down the business sector, there was notable growth in loans for agriculture, mining and quarrying, which rose to SGD 3.7 billion from SGD 3.3 billion. Loans for building and construction increased to SGD 178.8 billion from SGD 177.8 billion, while general commerce loans grew to SGD 88 billion from SGD 86.3 billion. Furthermore, lending for professional, scientific, technical, administrative, and support service activities climbed to SGD 16.5 billion, up from SGD 16 billion.
On the consumer front, there was an upswing in housing and bridging loans, which totaled SGD 235.7 billion, compared to April’s SGD 234.5 billion. Car loans also experienced an increase to SGD 8.4 billion from SGD 8.2 billion, along with credit card lending, which rose to SGD 16.6 billion from SGD 16.4 billion.
