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MANILA, Philippines – Bank lending expanded at its fastest pace in nine months in April, underscoring the continued flow of credit to the economy despite the shock caused by the Middle East conflict.
Outstanding loans issued by large banks rose 11.4 percent from a year earlier to P14.8 trillion, according to data released by the Bangko Sentral ng Pilipinas (BSP). The increase was the strongest since July 2025, when lending grew 11.8 percent.
READ: Philippine bank lending grows 9.5% in February
Compared with the previous month, bank lending increased by more than 1 percent on sustained credit demand in the second quarter, based on the BSP’s latest survey of senior bank loan officers.
