Foreign currency positions
3.6
Figures collected by the Commissioner of Banking and
Deposit-taking Companies for prudential supervision purposes
show that, at the end of March, the monetary sector had spot foreign currency assets and liabilities amounting to $592.3 billion and $614.4 billion respectively. These compare with
corresponding figures of $550.8 billion and $570.3 billion at the end of 1982. Thus, the sector's net spot foreign currency
liabilities rose by $2.6 billion during the quarter. Over the same period the sector's forward foreign currency position
showed an increase in net assets from $37.6 billion to $42.0
billion. Thus, the sector's net open (spot plus forward) position in foreign currencies amounted to assets of $20.0 billion at the end of March.
Loans and advances
3.7
Total loans and advances rose by 4.3% during the
first quarter. Loans extended by licensed banks rose by
4.6%. Largely reflecting the transfer of
of 3 deposit-taking companies from the registered to the licensed category, loans
extended by licensed DTCS rose by 16.5% while those by registered deposit-taking companies increased by only 0.78 (6).
(6)
Quarterly growth rate of
/3.8 Despite
loans and advances to customers (%)
Loans by
Loans by
licensed
Loans by registered
banks
dtcs
dtcs
Total
1982
ΟΙ
+8.2
N.A.
+0.9
+6.4
Q2
+6.8
+614.6
-8.4
+6.6
Q3
+5.1
+24.8
+6.9
+6.7
04
+6.2
+15.5
+4.4
+6.3
1983
Q1
+4.6
+16.5
+0.7
+4.3
As at end of
March 1983
($mn)
218,307
27,723
99,422
345,452
16
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