Loans and advances
3.6
Total loans and advances extended by banks and
deposit-taking companies grew by 9.3% during the third
quarter. Those denominated in Hong Kong dollars grew by
2.9% and those denominated in foreign currencies (but
converted into Hong Kong dollars for reporting purposes)
grew by 16.6%. Loans extended by licensed deposit-taking
companies grew more rapidly than those extended by other
deposit-taking institutions, but this was largely
reflection of the upgrading of four deposit-taking companies from registered to licensed status (7).
3.7
a
Outstanding Hong Kong dollar loans and advances
to finance Hong Kong's visible trade fell during the third
quarter by 1.8%, following an increase of 3.9% during the
second quarter. Following the increase of 20.5% during
the second quarter, similar loans in foreign currencies,
but reported in Hong Kong dollars, increased by 15.7% during the third quarter.
3.8
Other loans and advances for use in Hong Kong
(largely in Hong Kong dollars) rose by 6.3% during the
third quarter compared with an increase of 2.3% during the second quarter. These amounted to $212,802 million at the
end of September 1983, 8.8% of which were extended to the
manufacturing sector, 11.4% to the wholesale and retail
trades, and 24.2% to the building, construction and
property development sector.
Loans to these three sectors
of the economy grew during the third quarter by 2.0%,
(7)
/ 15.6%
Quarterly growth rates of
loans and advances to customers (%)
Loans by
Loans by
licensed
Loans by registered
banks
dtcs
dtcs
Total
1982 Q4
6.2
15.5
4.4
6.3
1983 01
4.6
16.5
0.7
4.3
Q2
3.7
28.4
-0.6
4.4
Q3
8.8
18.0
7.2
9.3
As at end of
September
1983 ($mn)
246,343
41,998
105,967
394,308
20