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31.10.202502:07:01UTC+00Singapore Bank Lending Hits Record High

Singapore experienced an unprecedented rise in bank loans, reaching SGD 863.8 billion in September 2025, compared to SGD 851.7 billion in August. This marks a record high following the smallest increase in four months observed in the previous month. Notably, businesses saw increased borrowing, with loans growing to SGD 524.0 billion in September from SGD 514.6 billion in August. Significant growth was evident across several sectors: manufacturing saw an increase to SGD 26.8 billion from 24.8 billion; agriculture, mining, and quarrying rose to SGD 3.4 billion from 3.3 billion; building and construction climbed to SGD 181.2 billion from 179.0 billion; general commerce advanced to SGD 90.1 billion from 86.9 billion; and the transportation, storage, and communication sector expanded to SGD 44.2 billion from 43.6 billion.

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