Bank lending growth marked the fastest in 14 months or since the 10.2 percent expansion in March 2023 despite the current high interest rate environment.
Outstanding loans of big banks stood at P12.02 billion as of end-May, P1.11 trillion higher than the P10.91 trillion recorded in the same period last year.
Security Bank chief economist Robert Dan Roces said the higher credit growth could reflect rising loan demand.
“Despite high interest rates, consumer loans remained strong on pent-up demand for essential spending needs. This continued growth suggests some optimism in the outlook for Philippine consumer spending,” he said.
Bank lending has been increasing since December last year, reflecting robust credit demand despite the 450-basis-point hike in interest rates delivered by the BSP to tame inflation and stabilize the peso.
この記事は The Philippine Star の July 13, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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この記事は The Philippine Star の July 13, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です? サインイン
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