Commercial bank branches in Singapore
Singapore: Commercial bank branches was 5.89 per 100,000 adults in 2024. ▼ Falling
Commercial bank branches in Singapore, 2004–2024
Source: Financial Access Survey, International Monetary Fund (IMF). Measured in per 100,000 adults.
Analysis
The most recent figure for commercial bank branches in Singapore is 5.89 per 100,000 adults, measured in 2024. That is the lowest value across all 21 years on record.
Compared with earlier readings it is down 3.3% on the previous year and down 34.6% over ten years.
Over the whole period, commercial bank branches in Singapore peaked at 11.48 per 100,000 adults in 2004 and was at its lowest, 5.89 per 100,000 adults, in 2024.
Singapore ranks 134th of 185 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 21 years of available data.
Commercial bank branches in Singapore, year by year
| Year | per 100,000 adults | Change |
|---|---|---|
| 2004 | 11.48 per 100,000 adults | — |
| 2005 | 11.24 per 100,000 adults | -2.0% |
| 2006 | 10.87 per 100,000 adults | -3.4% |
| 2007 | 10.41 per 100,000 adults | -4.2% |
| 2008 | 9.93 per 100,000 adults | -4.6% |
| 2009 | 9.85 per 100,000 adults | -0.7% |
| 2010 | 9.84 per 100,000 adults | -0.1% |
| 2011 | 9.59 per 100,000 adults | -2.5% |
| 2012 | 9.41 per 100,000 adults | -1.9% |
| 2013 | 9.1 per 100,000 adults | -3.3% |
| 2014 | 9 per 100,000 adults | -1.1% |
| 2015 | 8.96 per 100,000 adults | -0.5% |
| 2016 | 8.71 per 100,000 adults | -2.8% |
| 2017 | 8.24 per 100,000 adults | -5.3% |
| 2018 | 8.13 per 100,000 adults | -1.3% |
| 2019 | 7.81 per 100,000 adults | -4.0% |
| 2020 | 7.01 per 100,000 adults | -10.2% |
| 2021 | 6.95 per 100,000 adults | -0.8% |
| 2022 | 6.43 per 100,000 adults | -7.5% |
| 2023 | 6.09 per 100,000 adults | -5.3% |
| 2024 | 5.89 per 100,000 adults | -3.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 10.63 per 100,000 adults | 9.85 per 100,000 adults | 11.48 per 100,000 adults | 6 |
| 2010s | 8.88 per 100,000 adults | 7.81 per 100,000 adults | 9.84 per 100,000 adults | 10 |
| 2020s | 6.47 per 100,000 adults | 5.89 per 100,000 adults | 7.01 per 100,000 adults | 5 |
Countries ranked near Singapore
More financial sector data for Singapore
- Total reserves in months of imports, annual growth rate 4.92 % change on previous year (2025)
- Total reserves in months of imports, per unit of GDP 0 units per US$ of GDP (2025)
- Total reserves in months of imports, per capita 0 units per person (2025)
- Reserves excluding gold, foreign exchange (SDR), annual growth rate 5.6 % change on previous year (2025)
- Reserves excluding gold, foreign exchange (SDR), per unit of GDP 0.4801 SDR per US$ of GDP (2025)
- Reserves excluding gold, foreign exchange (SDR), per capita 47,436 SDR per person (2025)
- Reserves excluding gold (SDR), annual growth rate 5.5 % change on previous year (2025)
- Reserves excluding gold (SDR), per capita 48,383 SDR per person (2025)
- Total reserves (gold at market value) (SDR), annual growth rate 7.17 % change on previous year (2025)
- Total reserves (gold at market value) (SDR), per capita 51,631 SDR per person (2025)
Frequently asked questions
- What is commercial bank branches in Singapore?
- Commercial bank branches in Singapore was 5.89 per 100,000 adults in 2024, according to Financial Access Survey, International Monetary Fund (IMF).
- What is the highest commercial bank branches recorded in Singapore?
- The highest recorded value was 11.48 per 100,000 adults in 2004.
- What is the lowest commercial bank branches recorded in Singapore?
- The lowest recorded value was 5.89 per 100,000 adults in 2024.
- How does Singapore rank for commercial bank branches?
- Singapore ranks 134th out of 185 countries with data for 2024.
- Is commercial bank branches rising or falling in Singapore?
- Over the last ten years it is down 34.6%. The long-run trend across the full record is falling.
- Where does this Singapore data come from?
- The figures come from Financial Access Survey, International Monetary Fund (IMF), published as part of Commercial bank branches (per 100,000 adults). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 21 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Commercial bank branches are retail locations of resident commercial banks and other resident banks that function as commercial banks that provide financial services to customers and are physically separated from the main office but not organized as legally separated subsidiaries.