Singapore Bank Loans Hit 3-Month Low

Singapore’s bank loans fell to SGD 851.7 billion in August 2025, from a record high of SGD 854 billion in the previous month. This marked the smallest amount since May, dragged down by decreases in loans to businesses (SGD 514.6 billion vs SGD 519.5 billion in July), particularly in the sectors of manufacturing (SGD 24.8 billion vs SGD 25.5 billion), agriculture, mining and quarrying (SGD 3.3 billion vs SGD 3.4 billion), building and construction (SGD 179 billion vs SGD 180.6 billion), general commerce (SGD 86.9 billion vs SGD 88.2 billion), and transportation, storage and communication (SGD 43.6 billion vs SGD 44.8 billion). Meanwhile, consumer loans increased to SGD 337.1 billion from SGD 334.5 billion, driven primarily by higher housing and bridging loans (SGD 239.2 billion vs SGD 238.1 billion), car loans (SGD 8.7 billion vs SGD 8.6 billion), credit card loans (SGD 16.8 billion vs SGD 16.6 billion), and other personal loans (SGD 71.9 billion vs SGD 70.7 billion).