31.12.202503:59:48UTC+00Singapore Bank Lending Hits Fresh Record Peak

In November 2025, Singapore's bank loans reached a new all-time high of SGD 873.1 billion, up from SGD 866.1 billion recorded in the previous month. Business lending surged to SGD 528.3 billion, compared to SGD 523.6 billion in October. This was mainly attributed to increased financing in the manufacturing sector (SGD 27.4 billion, up from SGD 26.6 billion), as well as in agriculture, mining, and quarrying (rising to SGD 3.4 billion from SGD 3.2 billion). General commerce loans grew to SGD 92 billion from SGD 90.3 billion, transportation, storage, and communication reached SGD 44.7 billion from SGD 44.3 billion, and financial and insurance activities expanded to SGD 136.1 billion from SGD 133.4 billion. On the consumer side, loans also climbed to SGD 344.8 billion from SGD 342.5 billion, fueled by increased housing and bridging loans (up to SGD 242.6 billion from SGD 241.4 billion), car loans (rising to SGD 9.1 billion from SGD 9 billion), credit card debt (increasing to SGD 17.6 billion from SGD 17.1 billion), and other personal loans (up to SGD 74.8 billion from SGD 74.3 billion).