Deployment of bank credit in November
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Non-food credit increased 7.1% yoy in November 2021 compared to 5.9% growth in November 2020, increasing 119 basis points yoy and 18 basis points m.n. resumption of commercial activities and end-of-year celebrations.
In addition, various banks also conducted a credit awareness program in October and November 2021, which resulted in a surge in credit growth. Growth was mainly driven by retail trade (11.6%), agriculture (10.4%) and micro-small and medium-sized enterprises (SMEs), however, the growth of large industries remained stable, while the growth of the services segment decelerated in November 2021.
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