Singapore’s bank loans climbed to a fresh record high of SGD 966.4 billion in August 2026 from SGD 939.1 billion in July. Loans to businesses increased to SGD 582.0 billion from SGD 572.8 billion, driven by higher loans for building and construction (SGD 191.0 billion vs SGD 189.9 billion), financial and insurance activities (SGD 153.7 billion vs SGD 146.8 billion), and transport, storage, and communication (SGD 51.9 billion vs SGD 49.5 billion). In contrast, lending declined for manufacturing (SGD 30.4 billion vs SGD 31.9 billion) and general commerce (SGD 102.6 billion vs SGD 103.2 billion). Meanwhile, consumer loans rose to SGD 384.4 billion from SGD 366.3 billion, supported by higher housing and bridging loans (SGD 256.6 billion vs SGD 254.7 billion), other personal loans (SGD 98.8 billion vs SGD 83.1 billion), and credit card loans (SGD 18.0 billion vs SGD 17.6 billion).