2026.04.3002:14:44UTC+00Singapore Bank Lending Hits Fresh Record

Singapore’s bank lending rose to a new record high of SGD 902.3 billion in March 2026, up from SGD 893.6 billion in February. Business loans expanded to SGD 547.6 billion from SGD 541.5 billion, led by stronger lending to general commerce (SGD 99.9 billion vs SGD 90.5 billion), transport, storage and communication (SGD 48.2 billion vs SGD 46.2 billion), and financial and insurance activities (SGD 142.6 billion vs SGD 141.5 billion).

Consumer lending also increased, reaching SGD 354.7 billion from SGD 352.2 billion. This was mainly driven by higher housing and bridging loans (SGD 248.3 billion vs SGD 246.8 billion), other personal loans (SGD 78.7 billion vs SGD 77.8 billion), car loans (SGD 9.7 billion vs SGD 9.5 billion), and credit card borrowing (SGD 17.4 billion vs SGD 17.3 billion). In contrast, share financing declined slightly to SGD 0.6 billion from SGD 0.7 billion.