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Credit Growth Stood at 19.1% YOY in August

The total bank loan portfolio increased by 19.1% YoY in August 2018, excluding FX effect.

From the segments perspective, retail, SME and corporate loans increased by 19.1%, 20.8% and 18.1% YoY, respectively.

Growth of retail loans was mostly driven by mortgages, which went up by 34.7% YoY, while non-mortgage loan growth slowed to 9.0% YoY, TBC research reads.