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8
THURSDAY, MAY 26, 1994
"THIS BANKS
APPLICATIONS,
IS DUE TO THE FACT THAT A DECLINE IN LOAN SEEM TO BE EXPERIENCING AT PRESENT, TAKES SOME TIME TO SHOW THROUGH IN REDUCED LENDING, GROWTH.
WHICH
F
MR CARSE ADDED THAT WHILE SOME IMPACT ON LENDING GROWTH MAY BE FELT IN MAY, A SUBSTANTIAL AMOUNT OF UNDRAWN COMMITMENTS REMAINED IN THE PIPELINE.
NEW LOANS APPROVED BUT NOT YET DRAWN FELL IN APRIL FROM $6.7. BILLION TO $6.3 BILLION, BUT REMAINED AT A RELATIVELY HIGH LEVEL..
AS REGARDS LENDING FOR THE PURCHASE OF PROPERTIES IN CHINA, THE LATEST FIGURES SHOW THAT SUCH LENDING ROSE BY 1.6% IN APRIL, FROM $3.8 BILLION TO $3.9 BILLION.
ALMOST ALL OF THE INCREASE WAS ACCOUNTED FOR BY LOANS FOR THE PURCHASE OF RESIDENTIAL PROPERTIES. THE OUTSTANDING AMOUNT OF
RESIDENTIAL LENDING IS NOW $3.1 BILLION.
GROSS LOANS MADE IN APRIL ROSE IN NUMBERS (TO 277 FROM 256) BUT FELL IN AMOUNT (TO $110 MILLION FROM $134 MILLION). NEW LOANS APPROVED GREW BOTH IN NUMBERS (TO 705 FROM 336) AND AMOUNT (TO MILLION FROM $164 MILLION).
$219.
1821
/Residential Mortgage
:1
..
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