LOANS AND ADVANCES
6
WEDNESDAY, SEPTEMBER 30, 19
CENT
TOTAL OUTSTANDING LOANS AND ADVANCES EXTENDED BY BANKS AND DEPOSIT-TAKING COMPANIES GREW RAPIDLY IN AUGUST, BY 4.9 PER AFTER INCREASES OF 5.1 PER CENT IN JUNE AND 5.8 PER CENT IN JULY. THIS RAPID INCREASE WAS LARGELY ATTRIBUTABLE TO THE CONTINUED FAST GROWTH IN LOANS FOR USE OUTSIDE HONG KONG. CONSISTENT WITH THIS, LOANS DENOMINATED IN FOREIGN CURRENCIES INCREASED BY 7.5 PER CENT, WHILE THOSE DENOMINATED IN HONG KONG DOLLARS GREW BY 1.9 PER CENT.
IN
LOANS TO FINANCE THE VISIBLE TRADE OF HONG KONG FELL SLIGHTLY IN AUGUST AFTER INCREASES OF 5.7 PER CENT IN JUNE AND 0.4 PER CENT JULY; OVER THE YEAR THESE LOANS GREW BY 25.7 PER CENT. GROWTH OTHER LOANS FOR USE IN HONG KONG SLOWED DOWN то 1.9 PER CENT AUGUST FROM 4.1 PER CENT IN JULY. OVER THE YEAR, THESE LOANS 28.8 PER CENT. LOANS FOR USE OUTSIDE HONG KONG GREW BY 9.2 IN AUGUST, FOLLOWING INCREASES OF 13.8 PER CENT IN JUNE CENT IN JULY.
IN
IN
GREW
BY
AND
PER CENT
9.6
PER
NUMBER OF REPORTING INSTITUTIONS
RESPECTIVELY,
THE NUMBER OF REPORTING LICENSED BANKS DEPOSIT-TAKING COMPANIES REMAINED UNCHANGED AT WHILE THAT OF REPORTING REGISTERED
AND
153
LICENSED AND 35
DEPOSIT-TAKING
COMPANIES DECREASED BY TWO TO 239.
I
I
I
/MONETARY STATISTICS