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.

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.