Singapore loan market sees nearly 49% growth in 2024

Key driver was the borrowing activity by commodities firms, which accounted for US$18.4b or 23% of the total loan volume

Singapore emerged as a bright spot in the Asia Pacific syndicated loan market in 2024, achieving a 48.9% YoY increase in loan volume to reach US$79.8b, the London Stock Exchange Group (LSEG) said.

In its report, LSEG said this performance stands out in a region where overall loan activity declined by 7.8%.

A key driver behind this surge was the significant borrowing activity by commodities firms, which accounted for US$18.4b, or 23% of Singapore's total loan volume.

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