Credit to the private sector: timid 7.7% growth in August
Published on Wednesday, October 1, 2014
Credit to the private sector: timid 7.7% growth in August
In August 2014, credit granted by commercial banks to the private sector posted nominal annual growth of 7.7% (a real 3.4%). This growth was lower than in July 2014 (8.3%) and in August 2013 (10.9%). In the first eight months of 2014 on average, credit granted to the private sector increased by 8.6%, less than the average for the same period in 2013 (11.0%)