In 2023, the total non-performing loans (NPLs) in Singapore stood at 1.36 units, marking a continuation of the upward trend observed since 2016. From 2022 to 2023, the value increased by approximately 0.74%, with an average annual growth rate (CAGR) of 0.45% over the past five years. Looking forward, forecasts predict the NPLs will reach 1.39 units by 2028, an increase of about 2.29% from the 2023 figure.
Future trends to watch for include potential economic shocks, regulatory changes, and shifts in lending practices that could impact the volume of non-performing loans in Singapore. Monitoring these indicators will provide valuable insights into the health of the financial sector.
Latest reports
US Banking Market Report- Q1 2025
The first quarter of 2025 saw significant transformations within the US banking sector, driven by technological advancements, strategic initiatives, and evolving consumer behavior....
China Banking Market Report- Q1 2025
The first quarter of 2025 has been a pivotal period for the banking sector in China, marked by significant trends and strategic shifts...
Japan Banking Market Report- Q1 2025
The first quarter of 2025 has been pivotal for the banking sector in Japan, characterized by transformative trends and strategic shifts. The sector...
Germany Banking Market Report- Q1 2025
In the first quarter of 2025, the German banking sector navigated a complex landscape marked by several transformative trends and challenges. The introduction...
India Banking Market Report- Q1 2025
In the first quarter of 2025, the Banking in India landscape experienced significant transformations driven by digitalization, strategic partnerships, and regulatory shifts. This...
UK Banking Market Report- Q1 2025
The UK banking sector in Q1 2025 navigated a complex landscape characterized by economic volatility, significant strategic shifts, and advancing technological adoption. Key...
Brazil Banking Market Report- Q1 2025
In Q1 2025, the Brazilian banking sector continues its digital transformation, heavily influenced by consumer demand for convenience and security. The rapid adoption...
Italy Banking Market Report- Q1 2025
The first quarter of 2025 has been pivotal for the banking sector in Italy, characterized by notable mergers, strategic shifts in digital transformation,...
South Korea Banking Market Report- Q1 2025
The first quarter of 2025 marked a significant period for the banking industry in South Korea, driven by notable trends in digital transformation,...
Australia Banking Market Report- Q1 2025
The Australian banking sector in Q1 2025 showcased remarkable advancements across multiple segments, driven by digital transformation, strategic collaborations, and innovative financial products....
