Singapore’s bank loans rose to SGD 863.8 billion in September 2025, up from SGD 851.7 billion in August, marking a record high after posting the smallest increase in four months in the previous month. Loans to businesses increased to SGD 524.0 billion in September from SGD 514.6 billion in August. Growth was particularly notable in manufacturing (SGD 26.8 billion vs 24.8 billion in August), agriculture, mining, and quarrying (SGD 3.4 billion vs 3.3 billion), building & construction (SGD 181.2 billion vs 179.0 billion), general commerce (SGD 90.1 billion vs 86.9 billion), and transportation, storage, and communication (SGD 44.2 billion vs 43.6 billion). Meanwhile, consumer loans rose to SGD 339.7 billion from SGD 337.1 billion, supported primarily by higher housing and bridging loans (SGD 240.0 billion vs. 239.2 billion), car loans (SGD 8.9 billion vs 8.7 billion), credit card loans (SGD 17.0 billion vs 16.8 billion), and other personal loans (SGD 73.2 billion vs 71.9 billion).