HOME > INQUIRER > Article

Text Size

small

medium

large


January credit growth hit 2-year high

January credit growth hit 2-year high

Provided by INQUIRER.net.

Bank lending grew at its fastest pace in over two years in January amid the ongoing interest cutting cycle of the Bangko Sentral ng Pilipinas (BSP).
Bank lending grew at its fastest pace in over two years in January amid the ongoing interest-cutting cycle of the Bangko Sentral ng Pilipinas (BSP).



MANILA, Philippines - Bank lending grew at its fastest pace in over two years in January amid the ongoing interest-cutting cycle of the Bangko Sentral ng Pilipinas (BSP).

Outstanding loans of big banks, net of reverse repurchase placements with the central bank, expanded by 12.8 percent, from 12.2 percent in the preceding month, the BSP reported.

READ: PH banks hike exposure to property sector as bad home loans eased

Data showed that was the quickest loan growth since December 2022.

Broken down, business loans went up by 11.8 percent in January from 10.8 percent before.

Bank lending to consumers grew by 24.4 percent, easing from the 24 percent expansion in December.

INQUIRER

HEADLINES

POLITICS
Japan to Appropriately Decide Whether to Lift Syria Sanctions: Foreign Chief
ECONOMY
Jaguar's Japan Unit Shows "Type 00" EV Concept Model at Event in Tokyo
SPORTS
MLB: Dodgers Manager Roberts, Born in Okinawa, to Get Prefectural Honor Award
OTHER
Japan Emperor Naruhito Attends Lecture on Water Issues, His Lifework, in Tokyo

AFP-JIJI PRESS NEWS JOURNAL


Photos