Bank lending in Singapore as of 31 December 2011 totalled SGD S$420.4 billion. Bank lending rose more than 30% from a year ago.
Housing loans to consumers was at S$131.1 billion.
Singapore banks have seen strong loan growth in past months, helped by market share gains in areas such as trade financing as European banks reduce their loans emerging markets in the region.
However with the global economy weakening and the euro zone debt crisis yet to be resolved, bankers in Singapore feel the risk of a banking crisis is increasing. Singapore’s big local banks (DBS, UOB & OCBC) are particularly worried about liquidity issues and government regulation.
Updated On: 13.01.01