XN000022-1989-05-01 — Page 5

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MONDAY, MAY 1, 1989

LOANS

TO FINANCIAL CONCERNS (OTHER THAN BANKS AND DTC'S) BY 20.2 PER CENT THIS QUARTER, FOLLOWING AN INCREASE OF 14.4 PER IN THE PRECEDING

OVER THE YEAR, THESE LOANS GREW

QUARTER.

ROSE

CENT

BY

74.4

PER CENT.

LOANS TO

INDIVIDUALS FOR THE PURCHASE OF RESIDENTIAL

PROPERTY

· OTHER THAN FLATS IN THE HOME OWNERSHIP SCHEME) GREW BY 6.4 PER THIS QUARTER, AFTER AN INCREASE OF 7.9 PER CENT QUARTER. OVER THE YEAR, THESE LOANS GREW BY 33.3 PER CENT.

CENT

THE IN

PREVIOUS

LOANS TO THE BUILDING, CONSTRUCTION AND PROPERTY DEVELOPMENT SECTOR INCREASED BY 43.1 PER CENT IN THE FIRST QUARTER OF 1989, FOLLOWING A GROWTH OF 31.7 PER CENT IN THE PRECEDING QUARTER. OVER THE YEAR, THESE LOANS INCREASED BY 104.5 PER CENT.

IN DECEMBER

SECTOR WAS REVISED.

USE 1988, THE RETURN FOR REPORTING LOANS FOR

BY

AS A RESULT OF THIS, SOME AUTHORISED INSTITUTIONS HAVE NOW MORE PROPERLY CLASSIFIED THEIR LOANS ACCORDING TO INTENDED USAGE RATHER THAN THE BUSINESS OF THE LOAN RECIPIENTS,

THE

THIS RECLASSIFICATION IS AN IMPORTANT REASON ACCOUNTING FOR THE SIGNIFICANT INCREASE IN LOANS TO CERTAIN SECTORS, FOR EXAMPLE,

CONSTRUCTION AND PROPERTY DEVELOPMENT SECTOR AND

BUILDING,

FINANCIAL

CONCERNS.

NUMBER OF REPORTING INSTITUTIONS

DEPOSIT-

THE NUMBER OF REPORTING LICENSED BANKS AND LICENSED TAKING COMPANIES REMAINED UNCHANGED AT 159 AND 35 RESPECTIVELY THAT OF REGISTERED DEPOSIT-TAKING COMPANIES FELL BY TWO TO 213.

WHILE

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