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VCSC Daily - Large caps extend market surge - REE, BMI, GTN

Credit growth accelerates to hit 15.3% in 11M. According to the National Financial Supervisory Commission (NFSC), lending accelerated by 2.8% MoM to hit 15.3% YTD as of the end of November, slightly lower than the 15.6% increase in 11M 2016. Consumer credit was estimated to surge 59% YTD, while deposit growth came in at 13.5% YTD, slower than 16.6% growth in 11M 2016.