2026.03.3102:22:48UTC+00Singapore Bank Lending Hits New Peak

Singapore’s bank lending climbed to a fresh record high of SGD 893.6 billion in February 2026, up from SGD 887.5 billion in January. Business loans increased to SGD 541.5 billion from SGD 537.1 billion, led by stronger lending to financial and insurance activities (SGD 141.5 billion vs SGD 136.6 billion), building and construction (SGD 183.8 billion vs SGD 182.2 billion), transport, storage and communication (SGD 46.2 billion vs SGD 45.5 billion), as well as other business sectors (SGD 31.6 billion vs SGD 31.5 billion).

Consumer lending also expanded, rising to SGD 352.2 billion from SGD 350.4 billion. The increase was mainly driven by housing and bridging loans (SGD 246.8 billion vs SGD 245.6 billion), car loans (SGD 9.5 billion vs SGD 9.4 billion), and other personal loans (SGD 77.8 billion vs SGD 77.2 billion). In contrast, credit card lending declined to SGD 17.3 billion from SGD 17.6 billion, while share financing eased to SGD 0.68 billion from SGD 0.7 billion.