Saturday 16 December
Powered by Ajaxy
Nov 1, 2017 @ 16:03

Bank loans jump 21% in September – BSP


Banks have been fairly generous in approving new loans.

Credit approved by Philippine banks jumped by 21.1% in September from a year ago, faster than a 20.4% increase in August, the Bangko Sentral ng Pilipinas said in a statement.

The fresh loans went mainly to the productive sector, which rose by 20.7%. Loans for social and personal activities nearly tripled from last year, posting the biggest surge for the month.

Consumer loans also posted a 20% increase, with higher credit card swipes fuelling the growth.

Tags: , , ,

Related Stories
More funds deployed for lending would be a win-win situation for banks and the economy.
The credit rater gave a "stable" outlook for the Philippine banking system.
Global credit watchdog S&P Ratings expects Philippine banks to benefit from the local economy's positive


Trending News

Recommended on sister sites

Copyright © 2017 Bilyonaryo -