Singapore Bank Lending Rises in May

Singapore bank loans rose to SGD 844.6 billion in May 2025 from SGD 841.9 billion in April. Lending increased to both businesses (SGD 515 billion vs SGD 513.8 billion in April) and consumers (SGD 329.6 billion vs SGD 328.1 billion). Within the business sector, loans grew for agriculture, mining & quarrying (SGD 3.7 billion vs SGD 3.3 billion), building and construction (SGD 178.8 billion vs SGD 177.8 billion), general commerce (SGD 88 billion vs SGD 86.3 billion), and professional, scientific, technical, administrative, and support service activities (SGD 16.5 billion vs SGD 16 billion). Meanwhile, on consumer lending, increases were recorded in housing and bridging loans (SGD 235.7 billion vs SGD 234.5 billion), car loans (SGD 8.4 billion vs SGD 8.2 billion), and credit cards (SGD 16.6 billion vs SGD 16.4 billion).