Bank lending sees 0.3% uptick in May

Overall loans stood at $633.2b.

Total loans in May went up by a measly 0.3% to $633.2b, compared to the $631.2b worth of loans released in April.

Loans to businesses rose to $381b, mainly driven by loans to financial institutions which jumped to $90.3b.

Agriculture and manufacturing loans declined slightly, ending the month at $3.8b and $25.4b, respectively.

Consumer loans were higher in the said month than in April, registering a value of $252.2b. This was supported by the increase in housing loans to $193.7b.
 

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