Growth Rate in Consumer Loans Declined Sharply
According to data from the Banking Regulation and Supervision Agency (BRSA) and Macrohub, the slowdown in credit growth has created a distinct trend in consumer loans.
According to the latest data shared by the Banking Regulation and Supervision Agency (BRSA) and Macrohub, the weak trend in credit growth continues, with the growth rate of consumer loans falling to 14.5 percent.
The Process of Slowdown in Credit Growth
Data from the Banking Regulation and Supervision Agency (BRSA) and Macrohub revealed that the slowdown in credit growth has become much more pronounced, particularly in consumer loans.
Decline Rate in Consumer Loans
According to 13-week annualized and exchange-rate-adjusted data, the growth rate in consumer loans declined to 14.5 percent as of October 9.
Trend in Commercial Loans
During the same period, the growth rate for commercial loans stood at 23.6 percent, which brought about a notable divergence.
Historical Trend and Peak Points
When examining the historical trend of credit growth, it is clearly evident that the growth in consumer loans has moved significantly away from its previous high levels.
Consumer loan growth, which rose to 62.5 percent during the period, followed a steady downward trend after reaching an intermediate peak of 40.9 percent.
Recovery Trend in Commercial Loans
In commercial loans, the growth rate recovered after hitting a low point of 16.1 percent, reaching 23.6 percent and surpassing consumer loans.