Banking sector records highest loans growth since Asian Financial Crisis
Growth in suspect recount number in the most recent statistics on the banking sector indicates that overall loan growth was a 13.2 percent year-on-year recorded increase in November 2010. The slower growth was a lower increase of 16.2 percent year on year in November 2010 for the retail segment, the residential mortgage industry with growth easing to 2.7 percent per annum compared to October 2010 was 12.2 percent annualized figure The research house believed that this situation has arisen from the implementation of the new loan to value (LTV) ruling that reduced LTV ratios for third properties above and to 70 percent on November 4, 2010.
The report still shown the number in the corporate segment elevation was also lower at 8.2 percent annually, a decrease of 9.7 percent per year on the previous month. in this fact that the working capital industry back on track with a 29.5 percent annual growth after putting up a minus 11 percent annual performance in October 2010. The average interest on loans remained stable at 4.99 percent in November 2010 and was positive in the opinion of the House investigation given the unexpectedly large dip of minus 10 basis points (bps) month-on-month in October 2010.