Central bank stats October – loan growth remains sluggish; deposit growth relatively strong
Central bank data shows that loan growth was stable at 0.9% Y-o-Y in October versus September. On a M-o-M basis loans were up 0.24% in October versus 0.06% a month ago. Deposit growth was however decent at 6.5% Y-o-Y versus 5.8% Y-o-Y in September. The improvement was driven mainly by resident deposits which grew 7.7% in October versus 6.5% in September.
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