FX.co ★ Singapore Bank Loans Hit 3-Month Low

In August 2025, bank lending in Singapore declined to SGD 851.7 billion from the previous month's record of SGD 854 billion. This represents the lowest level since May, largely due to a reduction in business loans, which fell to SGD 514.6 billion from July’s SGD 519.5 billion. Particularly affected were sectors such as manufacturing, which saw loans decrease to SGD 24.8 billion from SGD 25.5 billion; agriculture, mining, and quarrying, which dipped to SGD 3.3 billion from SGD 3.4 billion; building and construction, down to SGD 179 billion from SGD 180.6 billion; general commerce, which declined to SGD 86.9 billion from SGD 88.2 billion; and transportation, storage, and communication, which fell to SGD 43.6 billion from SGD 44.8 billion. Conversely, consumer loans experienced an increase, rising to SGD 337.1 billion from SGD 334.5 billion, driven largely by growth in housing and bridging loans, which went up to SGD 239.2 billion from SGD 238.1 billion; car loans, which increased to SGD 8.7 billion from SGD 8.6 billion; credit card loans, which climbed to SGD 16.8 billion from SGD 16.6 billion; and other personal loans, rising to SGD 71.9 billion from SGD 70.7 billion.