Loan growth hits seven year high

05 November 2015

 

Loans to the private sector grew at a slightly higher rate in September. Loans to business were the main drivers of the higher-than-expected figures, with total credit rising 0.8% for the month compared to the 0.6% recorded in August. Total credit grew by 6.7% in the year to September. Business loans, which accounted for 33% of all loan growth in the month, grew by 1.2%, while housing loans which account...

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