Bank lending sees 1% growth in October

Following the 12 consecutive months of contraction.

After 12 months of declines, bank lending in Singapore registered a growth again, up 0.8% from last month and 1% from last year. According to the latest figures by the Monetary of Authority of Singapore total lending in the said month is $607.98b, up from $601.71b last year.

Loans to businesses rose 1%, mainly driven by lendings to financial insitutions which saw a 16% increase to $79.5b from $68.3b last year. Of the business segments, only the loans to agriculture, manufacturing, general commerce, and professional individuals business declined, down to $5.3b, $25.4b, $61.6b, and $9.1b, respectively.

Meanwhile, consumer loans also posted an increase at 3% to $249.5b. The spike was led by housing loans, which took a 3.6% uptrend to $190.1b.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia