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Banking, Finance and Insurance

Statistics on money, banking, insurance and financial markets are compiled by the Monetary Authority of Singapore (MAS).

Central Provident Fund

Data on contributions and withdrawals of Central Provident Fund are compiled by the Central Provident Fund (CPF) Board.

Turnover on Singapore Exchange Equities

The Singapore Exchange publishes statistics on Turnover on Singapore Exchange Equities (Mainboard and Catalist).

Data

Please click on the topic to view the available data tables.

View Latest Data:

Key Indicators
Items Unit Latest Period Latest Data % Change
(Y-o-Y)  1/		 Previous
Period Data		 % Change
(Y-o-Y)  2/
Finance and Insurance            
Money Supply (M1) 3/ 4/ S$m Sep-24 276,064.9 6.5 268,798.1 3.7
Money Supply (M2) 3/ 4/ S$m Sep-24 805,654.1 3.0 794,847.7 1.2
Singapore Overnight Rate Average % p.a Oct-24 3.16
 -0.53 3.88 0.06
3-month S$ SIBOR % p.a Oct-24 3.30 -0.76 3.40 -0.66
12-week MAS Bill Rate % p.a Oct-24 3.24 -0.84 3.18 -0.87
5-year Govt Bond Interest Rate % p.a Oct-24 2.71 -0.57 2.50 -0.84
Exchange Rate S$ per US$ (as at end-month) S$ per US$ Oct-24 1.3253 -3.0 1.2806 -6.2
Official Foreign Reserves at end of year S$m 2023 463,044.3 19.3 388,256.1 -31.1
Exchange Rate S$ per US$ (as at end of period) S$ per US$ 2023 1.3186 -1.9 1.3446 -0.5
Items Unit Latest Period Latest Data % Change
(Y-o-Y)  1/		 Previous
Period Data		 % Change
(Y-o-Y)  2/
Commercial Banks





Local 5/ 6/ Number 2023 6 na 4 na
Foreign 5/ Number 2023 126 na 127 na

Data are preliminary when first released.
na not available or not applicable.
1 Refers to % change in latest period over the same period in the previous year.
2 Refers to % change in the previous period over the same period in the previous year.
3 Data have been revised from Jul 2021 following changes to the MAS Notice 610.
4 Data prior to Jul 2021 on a comparable basis with the Jul 2021 data are not available.
5 At end of period.
6 All local banks are full banks.

Number of Bankruptcy Applications, Orders Made and Discharges

Title : Number Of Bankruptcy Applications, Orders Made And Discharges, Annual

Number

Data Items

2016
2017
2018
2019
2020
2021
2022
2023

Applications For Bankruptcy

2,704
2,932
3,097
3,473
2,833
3,160
3,648
3,986

Bankruptcy Orders Made

1,797
1,638
1,656
1,645
965
1,003
958
1,096

Bankruptcy Discharges

4,359
2,030
4,027
5,388
2,418
2,045
956
654
SOURCE : INSOLVENCY OFFICE
Footnotes

A Bankruptcy Order may translate into more than 1 bankrupt. As such, the number of Bankruptcy Orders made and the number of Bankruptcy Discharges may not necessarily add up with the Total Number of Undischarged Bankrupts.

Number of Bankruptcy Applications, Orders Made and Discharges, Annual

Companies in Compulsory Liquidation

Title : Companies In Compulsory Liquidation, Annual

Cases

Data Items

2016
2017
2018
2019
2020
2021
2022
2023

Applications Filed

280
256
312
406
224
260
257
273

Companies Wound-Up

187
168
207
287
201
191
215
201
SOURCE : INSOLVENCY OFFICE
Footnotes

Companies in Compulsory Liquidation, Annual

Money and Banking

Title : Number Of Financial Institutions In Singapore, Annual

Number

Data Items

2017
2018
2019
2020
2021
2022
2023
2024

Banks *

128
127
131
132
131
131
132
132

Local * All local banks are full banks.

5
4
4
4
4
4
6
6

Foreign

123
123
127
128
127
127
126
126

Finance Companies

3
3
3
3
3
3
3
3

Merchant Banks

32
30
27
24
21
21
22
21

Insurance Companies * Year 2001 figure includes 11 companies on run-off and 1 company under scheme of transfer. Year 2003 figure includes 20 companies on run-off.

186
184
186
191
207
216
217
217

Insurance Brokers * Year 2003 figure includes 26 direct life brokers. The regulation of direct life brokers was transferred from the repealed insurance intermediaries act to the Financial Advisers Act (FAA) when the FAA came into force on 1 October 2002.

77
80
83
87
92
102
103
107

Money Brokers * Previously known as 'International Money Brokers'.

12
13
11
7
2
1
1
0

Licensed Financial Advisers

61
65
64
65
63
61
64
67

Capital Markets Services Licensees * As the data breakdown of 'Capital Markets Services Licensees (CMSL)' refer to the types of regulated activities which a CMSL is licensed to conduct, the components of CMSL will not add up to its total. In view of changes in the licensing framework with the promulgation of the Securities and Future Act (SFA) and the FAA on 1 October 2002, the data before and after 1 October 2002 are not directly comparable.

584
668
757
850
937
1,042
1,132
1,196

Licensed Trust Companies * Regulation of trust companies came under the purview of MAS when the Trust Companies Act came into effect on 1 February 2006.

58
58
57
59
60
61
63
64

Registered Fund Management Companies * Registration of fund management companies commenced under an enhanced regulatory regime which came into effect on 7 August 2012.

273
271
262
287
290
296
287
283

Payments Services Providers * Regulation of payment services came into effect on 28 January 2020.

Na
Na
Na
436
414
457
466
457

Payment Systems

Na
Na
Na
12
12
12
12
12

Credit And Charge Card Licensees * Data refer to non-bank credit card issuers.

Na
Na
Na
4
4
4
4
4

Licensed Credit Bureaus * The Credit Bureau Act came into effect on 31 May 2021.

Na
Na
Na
Na
Na
2
2
2
SOURCE : MONETARY AUTHORITY OF SINGAPORE
Footnotes

Data as at end March of each year. SGX-ST represents 'SGX - Securities Trading'. SGX-DT represents 'SGX - Derivatives Trading'.

Number Of Financial Institutions In Singapore, Annual
Money Supply (End Of Period), Monthly
Monetary Survey (End Of Period), Monthly
Assets And Liabilities Of Finance Companies (End Of Period), Monthly
Commercial Banks: Loans And Advances To Residents By Industry (End Of Period)
Loans And Advances Of Finance Companies (End Of Period), Monthly
Finance Companies' Loans And Advances By Industry (End Of Period), Annual
Merchant Banks: Assets And Liabilities (End Of Period), Monthly
Credit And Charge Cards, Annual

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Definitions

Visit Glossary Page

Other References

Monetary Statistics
Monthly Statistical Bulletin View
Monetary Authority of Singapore Annual Reports View

External Sources

Central Provident Fund contributions and withdrawals
Central Provident Fund View
Monetary Statistics
Monetary Authority of Singapore View
Turnover On The Singapore Exchange
Singapore Exchange View
Bankruptcy Applications, Orders Made and Discharges
Insolvency Office, Ministry of Law View
Companies in Compulsory Liquidation
Insolvency Office, Ministry of Law View