The outstanding loans of universal and commercial banks amounted to P12.4 trillion in end-September, P1.23 trillion higher than the P11.17 trillion in the same period last year.
The increase in September was faster than the 10.7 percent expansion in August. It marked the fastest in 21 months or since the 13.7-percent expansion in December 2022.
"Looking ahead, the BSP will continue to ensure that domestic liquidity and lending conditions are aligned with its price and financial stability objectives," the central bank said in a statement.
BSP data showed outstanding loans for production activities grew faster at 9.8 percent to P10.6 trillion, accounting for 85.5 percent of the total lending in end-September.
Diese Geschichte stammt aus der November 11, 2024-Ausgabe von The Philippine Star.
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Diese Geschichte stammt aus der November 11, 2024-Ausgabe von The Philippine Star.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
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A 'High-Caliber' 50th MMFF Lineup,
For its Golden Edition, the Metro Manila Film Festival (MMFF) presents one of the \"best collections of films,\" but not a few have noticed the absence of the quintessential family or child-friendly entry.
A gripping tale of strange experiences caught on camera
A group of amateur celebrity ghost hunters is embarking on an adventure where the real and reel as well as the natural and supernatural worlds intersect.
MTRCB Reminds Operators: 'G' and 'PG' Content Only in PUVs
As Filipinos travel home for New Year's Eve and return to the metro afterward, the Movie and Television Review and Classification Board (MTRCB) reminds Public Utility Vehicle (PUV) operators and drivers that only \"G\" (General Patronage) and \"PG\" (Parental Guidance) rated content is allowed inside PUVs.
THE HEART OF CHRISTMAS GOES ON TOUR
As the Christmas season approached in 2022, the newly formed Alice Reyes Dance Philippines’ young up-and-coming choreographers put their imaginative minds and choreographic talents in a hubbub to create an original Christmas season offering which emerged as a Filipino version of the season’s favorite ballet, The Nutcracker, which they entitled Puso ng Pasko.
Philippine Showbiz Is Looking Bright For 2025
This is a catchy tagline that really is our hope for the industry in the new year. Along with the noticeable wins, we will also list down our wish-list of what we hope to see as we ring in 2025. Let us first start with the noticeable wins.
A 'Fabulous' Affair
The Grand Ballroom of Manila Marriott Hotel in Pasay City glittered with elegance as well-respected photographer Rupert Jacinto unveiled his \"Fabulous XII,\" a stunning threefold celebration featuring a photo exhibit, book launch, and fabulous gala night.
The Ultimate New Year's Eve Party at Solaire
Solaire Resort Entertainment City and Solaire Resort North hold the \"Ultimate Solaire New Year's Eve Party,\" on Dec. 31 at The Grand Ballroom.
DERMASIA REVOLUTIONIZES AESTHETICS
DermAsia Corporation, under the visionary leadership of CEO Nikki Tang, together with managing director Charles Mandy and Ana Amigo Antonio, hosted the exclusive ALMA-Q Day at the iconic The Peninsula Manila in Makati City.
Landbank Reaffirms Financial Stability
Government-owned Land Bank of the Philippines (Landbank) reaffirmed its financial strength and stability, emphasizing that its capital adequacy ratio (CAR) remains at a healthy level of 16.42 percent.
Cebu Pacific ends 2024 with 91 aircraft in fleet
Low-cost carrier Cebu Pacific is ending the year with a fleet of 91 aircraft, arming it up with enough capacity to serve travel demand in 2025.
