Bangko Sentral ng Pilipinas MANILA, Philippines — Bank lending accelerated in July, as stronger growth in business loans more than offset a slight slowdown in consumer credit. Loans from
Bangko Sentral ng Pilipinas
MANILA, Philippines — Bank lending accelerated in July, as stronger growth in business loans more than offset a slight slowdown in consumer credit.
Loans from big banks grew 10.4 percent from a year earlier to nearly P15 trillion, according to the latest data from the Bangko Sentral ng Pilipinas (BSP).
READ: Local bank lending to MSMEs remains sluggish
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