Monday, May 3, 2010

Banking - Mar ‘10 System Data – Underlying Trends Still - 3/04/2010

Mar ‘10 loans growth still resilient. According to BNM’s statistics, Mar ’10 loans growth stood at +9.8% yoy (Feb ’10: +10% yoy). This growth was led by the household segment, where the yoy growth rate accelerated further to +11.8% (Feb ’10: +11.2% yoy). As for the business segment (Mar ‘10: +4.7% yoy vs. Feb ’10: +4.2% yoy),
disbursements were broad-based but used mainly to fund working capital requirements. The SMEs sub-segment saw a slight pick-up in loans outstanding of +3.2% yoy (Feb ’10: +2.1% yoy).

Banking - Mar ‘10 System Data – Underlying Trends Still - 03/04/2010

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