FX.co ★ Singapore Bank Lending Hits Fresh Record High

Singapore's bank lending soared to a new pinnacle in December 2025, reaching SGD 886.1 billion, a notable increase from November's figure of SGD 873.1 billion. Lending to businesses experienced a robust rise, climbing to SGD 538.7 billion from SGD 528.3 billion the previous month. This upswing was largely attributed to expanded credit in several sectors: manufacturing saw a slight increase to SGD 27.6 billion from SGD 27.4 billion; general commerce loans increased significantly to SGD 99.1 billion from SGD 92 billion; building and construction loans grew to SGD 182.4 billion from SGD 179.5 billion; and loans for transportation, storage, and communication rose to SGD 45.8 billion from SGD 44.7 billion. On the other hand, loans to the financial and insurance sectors contracted, declining to SGD 134.5 billion from November's SGD 136.1 billion. Meanwhile, consumer lending also registered growth, totaling SGD 347.4 billion, up from SGD 344.8 billion. This was largely driven by an uptick in housing and bridging loans, which increased to SGD 244.1 billion from SGD 242.6 billion, along with rises in car loans to SGD 9.3 billion from SGD 9.1 billion, credit card loans to SGD 17.8 billion from SGD 17.6 billion, and other personal loans to SGD 75.6 billion from SGD 74.8 billion.