Money supply, lending

Month-on-month and seasonally-adjusted, commercial bank lending increased by 1.2 percent for both loans net of RRPs and loans inclusive of RRPs.

Lending for production activities, which accounted for over 80 percent of the aggregate loan portfolio, grew by 17.7 percent, slightly slower than April’s 17.9 percent.

This was driven by real estate activities, which increased by 20.7 percent, electricity, gas, steam and air conditioning supply (30 percent); wholesale and retail trade, repair of motor vehicles and - cial and insurance activities (19.4 percent); manufacturing ( 9.3 percent); and information and communication (35.5 percent).

likewise expanded during the month, except for professional, (-7.8 percent), and public administration and defense, and compulsory social security (-5.9 percent),” the central bank said.

Loans for household consumption accelerated, expanding by 18.8 percent compared with the 17.4 percent growth rate in May, on the increase in motor vehicle loans and salary-based general-purpose loans and sustained growth in credit card loans, which offset the decline in other types of household loans.

continue to ensure that domestic credit and liquidity conditions will keep pace with overall economic growth while remaining consistent objectives,” the central bank said.