Bank assets as a share of GDP reached 283 % in 2016 in Singapore, according to the National Central Bank. This is 5.11 % more than in the previous year.
Historically, bank assets as a share of GDP in Singapore reached an all time high of 283 % in 2016 and an all time low of 173 % in 1991. When compared to Singapore's main peers, bank assets as a share of GDP in Indonesia amounted to 53.5 %, 199 % in Malaysia, 84.3 % in Philippines and 114 % in Thailand in 2016.
Singapore has been ranked 12th within the group of 128 countries we follow in terms of bank assets as a share of GDP, 4 places above the position seen 10 years ago.
Banking assets are everything that a bank owns, including loans, securities, and physical assets such as buildings.