Nov 20, 2018

Credit growth stood at 19.2% YoY in October 2018

Quick Update

  • The total bank loan portfolio increased by 19.2% YoY in October 2018, excluding FX effect.
  • From the segments perspective, retail, SME and corporate loans increased by 18.5%, 18.7% and 20.7% YoY, respectively.
  • Growth of retail loans was mostly driven by mortgages, which went up by 36.7% YoY, while non-mortgage loan growth slowed to 6.5% YoY.