5
Loans and Advances
Total outstanding loans and advances fell slightly by 0.1% in July, compared with the growth of 2.2% in May and 2.0% in June. The fall is attributable to a 0.8% decline in foreign currency loans, while the growth of HK dollar loans rose slightly to 1.2%. As HK dollar deposits rose faster than HK dollar loans, the loan-to-deposit ratio fell to 107.0% in July from 107.4% in June.
Loans for domestic use increased by 1.7% in July, up from 0.4% in June, while loans for trade financing rose by 1.1% in July, moderating from 3.0% in June.
Money Supply
In line with the sluggish retail market, HK$M1 rose only slightly by 0.3% in July, while HK$M2 and HK$M3 (adjusted to include foreign currency swap deposits) both grew at around 1.7%.
Attention News Editors:
For further enquiries, please contact the Press and Publications Section, Hong Kong Monetary Authority, on tel 2878 8261.
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