The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
This indicator measures the total value of outstanding loans and advances granted by commercial banks to consumers and businesses in Singapore. It serves as a vital barometer for economic activity, as increased lending typically signals business expansion and higher consumer confidence. A steady rise in bank lending is often associated with robust GDP growth.
The data is compiled from monthly regulatory returns submitted by banks to the Monetary Authority of Singapore (MAS), covering both domestic and international lending units.