Bank concentration in Singapore
Singapore: Bank concentration was 80.8% in 2021. ▼ Falling
Bank concentration in Singapore, 2000–2021
Source: Bankscope, Bureau van Dijk (BvD). Measured in %.
Analysis
Singapore recorded 80.8% for bank concentration in 2021.
That represents a change of down 0.3% on the previous year and down 10.1% over ten years.
Over the whole period, bank concentration in Singapore peaked at 100.0% in 2003 and was at its lowest, 79.2%, in 2019.
Singapore ranks 60th of 169 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 22 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 93.4% | 84.9% | 100.0% | 10 |
| 2010s | 85.8% | 79.2% | 89.9% | 10 |
| 2020s | 80.9% | 80.8% | 81.0% | 2 |
Countries ranked near Singapore
More financial sector data for Singapore
- Domestic credit to private sector by banks 128.4% (2020)
- Total reserves in months of imports 4.39 (2025)
- Net domestic credit 701.01 billion current LCU (2020)
- Net foreign assets 407.83 billion current LCU (2020)
- Monetary Sector credit to private sector 128.4% (2020)
- Broad money 147.7% (2020)
- Claims on central government, etc. 16.2% (2020)
- Domestic credit to private sector 128.4% (2020)
- Official exchange rate 1.31 LCU per US$, period average (2025)
- Net migration 16,892 (2025)
Frequently asked questions
- What is bank concentration in Singapore?
- Bank concentration in Singapore was 80.8% in 2021, according to Bankscope, Bureau van Dijk (BvD).
- What is the highest bank concentration recorded in Singapore?
- The highest recorded value was 100.0% in 2003.
- What is the lowest bank concentration recorded in Singapore?
- The lowest recorded value was 79.2% in 2019.
- How does Singapore rank for bank concentration?
- Singapore ranks 60th out of 169 countries with data for 2021.
- Is bank concentration rising or falling in Singapore?
- Over the last ten years it is down 10.1%. The long-run trend across the full record is falling.
- Where does this Singapore data come from?
- The figures come from Bankscope, Bureau van Dijk (BvD), published as part of Bank concentration (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 22 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Raw data are from Bankscope. (Sum(data2025) for three largest banks in Bankscope) / (Sum(data2025) for all banks in Bankscope). Only reported if number of banks in Bankscope is 3 or more. Calculated from underlying bank-by-bank unconsolidated data from Bankscope.