The Bangko Sentral ng Pilipinas (BSP) reported that both domestic liquidity (M3) and bank lending grew last November and in the first 11 months of 2023. Preliminary data from the BSP showed that M3 grew by 7.0 percent year-on-year to about P16.8 trillion in November from 8.1 percent (revised) in...
Editorial The central bank’s efforts to convince banks to release more funds to pandemic-hit borrowers especially the micro, small and medium enterprises (MSMEs) finally paid off in August when bank lending shifted from a contraction to a growth for the first time since December 2020. Faster...
Banks' non-performing loans (NPL) ratio still remained unchanged at 4.51 percent in August from the previous month, July, the Bangko Sentral ng Pilipinas (BSP) reported. The total bad loans reached P491.93 billion in August or 61.28 percent from P304.99 billion the same month last year. Compared to...
Big banks’ outstanding loans continue to decline by 2.7 percent year-on-year in February, worse than 2.5 percent in January as both banks and borrowers shy away from releasing and availing of loans while COVID-19 cases are still on the high side and delaying economic recovery. “Credit...
Trade and Industry Secretary Ramon M. Lopez on Monday, (Feb. 22) urged the Bangko Sentral ng Pilipinas (BSP) to craft rules to encourage banks to lend more for auto loans stressing that banks have huge liquidity that they can use to help businesses recover. Trade and...
Bank lending growth has declined to 0.3 percent year-on-year in November last year versus 1.8 percent in October, the Bangko Sentral ng Pilipinas (BSP) reported late Wednesday. “Bank lending growth waned during the month as the COVID-19 crisis continued to dampen consumer spending and business...
With weak demand and risk-aversion, big banks’ lending growth further slowed down to 1.9 percent in October from 2.6 percent in September, based on Bangko Sentral ng Pilipinas (BSP) data. Domestic liquidity (M3) or the amount of money supply circulating in the financial system, in the meantime,...
Keeps accommodative policy MB File Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said he is seeing continued demand for loans and banks’ “appetite” to lend despite that loan growth slowed in August because of risk aversion during the pandemic. Big banks’ outstanding loans as...
Big banks’ outstanding loans in August grew by only by 4.7 percent year-on-year, a significant low number compared to 6.7 percent in July, the Bangko Sentral ng Pilipinas (BSP) said Friday. “Bank lending growth continued to moderate as a result of weaker corporate sector performance,...
