Access Request:

Private sector credit extension growth slowed to 2.7% y/y in Jul ‘23, from 3.0% in Jun ’23 and 3.9% in Jul ‘22. Household credit remains the driver of y/y growth, up 5.5% y/y, although is distorted by personal credit growth in Oct and Nov ’23, while business credit contracted for a fourth consecutive month (-1.2% y/y).