Wednesday, October 9, 2013
Bank Lending Up 3% On Year In Sept
TOKYO (NQN)--The balance of loans by Japanese banks rose 3% on the year in September to about 439 trillion yen, according to preliminary data released Wednesday by the Japanese Bankers Association. It was the 25th straight month of year-on-year increase.
Mortgage loans for individuals and corporate lending for electric power companies and real estate firms continued to grow.
Loans by city banks rose 3.6%, up for the 11th straight month. Regional banks' loan balance grew 2.8%, while that of second-tier regional banks rose 1.9% and that of trust banks rose 2.3%.
The actual deposit balance excluding checks and bills rose 3.9% to 616.55 trillion yen, for the 84th straight month of year-on-year increase.
(Nikkei Quick News, Oct. 9)