Sep-07 stats: Stunning loan growth of 12.8% y-o-y
The system loan growth in Sep-07 swelled to 12.8% y-o-y
and 4.6% q-o-q in Jul-Sep quarter, compared to 10.8% y-o-y and
4.9% q-o-q in Jun-Aug quarter. This is the highest y-o-y growth
achieved since Dec-97.
Consumer loans, particularly housing loans, grew even
stronger in Sep-07 at 12.6% y-o-y and 6.3% q-o-q against 10.7%
y-o-y and 5.5% q-o-q in Aug-07. Business loans regained
momentum to 15.1% y-o-y and 4.4% q-o-q (Aug-07: 13.0% y-o-y
and 5.4% q-o-q), while construction loans spurred to 21.2% y-o-y
and 4.9% q-o-q (Aug-07: 14.7% y-o-y and 3.1% q-o-q vs. 18.9%
y-o-y and 5.2% q-o-q in Jul-07).
Deposit growth remained sturdy at 22.0% y-o-y but was flat
at 0.8% q-o-q. Growth continued to arise from demand deposits,
while fixed deposits growth turned negative on a q-o-q basis.
Meanwhile, LD ratio inched up to 70.8% in Sep-07 as loan
growth outpaced deposit growth.
November 3, 2007...1:49 pm
Banking Sector
Jump to Comments
