2026.02.2702:15:31UTC+00Singapore Bank Lending Hits New Record

Singapore’s bank lending rose to a new record high of SGD 887.5 billion in January 2026, up from SGD 886.1 billion in December.

Consumer loans increased to SGD 350.4 billion from SGD 347.4 billion, led by growth in housing and bridging loans (SGD 245.6 billion vs. SGD 244.1 billion in December 2025), car loans (SGD 9.5 billion vs. SGD 9.3 billion), and other personal loans (SGD 77.2 billion vs. SGD 75.6 billion). In contrast, credit card loans declined to SGD 17.6 billion from SGD 17.8 billion, while share financing eased to SGD 0.7 billion from SGD 0.72 billion.

Meanwhile, business loans edged down to SGD 537.1 billion from SGD 538.7 billion, weighed down by reduced lending to the building and construction sector (SGD 182.2 billion vs. SGD 182.4 billion), general commerce (SGD 92.3 billion vs. SGD 99.2 billion), and transport, storage and communication (SGD 45.5 billion vs. SGD 45.8 billion).