Leading Loan Information Resource
Central bank rediscounting loans plunged 45 percent last year as the banking system stayed vigorous. The peso rediscount facility recorded a mere P27.37 billion last year, down P22.39 billion from P49.76 billion in 2010, the Bangko Sentral ng Pilipinas (BSP) reported Wednesday. Rediscounting is a BSP credit facility to help banks meet temporary liquidity needs by refinancing the loans they …
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BSP rediscounting loans fall 45% to P27.4-b in 2011
MANILA, Philippines — Micro and small businesses operating locally have another three years to take out loans from banks and financial institutions without the burden of submitting income tax returns (ITRs) and other documentary requirements showing proof of income record. The central bank said the Monetary Board, the policy-making body of the Bangko Sentral ng Pilipinas (BSP), will still waive …
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BSP extends ITR waiver for SME loans 3 years more
Positive sentiment among business establishment helped grow the foreign currency loans given out by Philippine banks in the first nine months of the year, the Bangko Sentral ng Pilipinas said Thursday.
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Banks’ foreign currency loans up 26% in first 9 mos., says BSP
MANILA, Philippines — The banking sector’s automotive and credit card loans continue to record high growth in the first half of the year with borrowers still optimistic that interests, peso-dollar exchange and inflation rates would remain well within central bank forecasts and outlook.
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Auto and credit card loans post record high growth – BSP
The credit card receivables and auto loans from the country’s banks as of end-June 2011 went up from the previous quarter, the latest data from the Bangko Sentral ng Pilipinas (BSP) showed.
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Credit card, auto loans up
Buoyed by an increase in residential loans, total consumer loans (CLs) in the second quarter ending June 2011 reached P500 billion, P18.9 billion or 3.9 percent higher than the first quarter’s P481.2 billion, the Bangko Sentral ng Pilipinas (BSP) yesterday said.
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Consumer loans reach P500B in Q2
Consumer loans reached P500 billion in the first six months of the year, up 15 percent from P434.55 billion a year earlier, the Bangko Sentral ng Pilipinas said Monday.
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H1 consumer loans hit P500B, up 15%
THE BAD LOANS of universal and commercial banks in relation to their total loans rose slightly in September, the Bangko Sentral ng Pilipinas (BSP) said on Friday.
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Banks bad loans rise in Sept.
THE country’s banks lent out more in August, particularly to production activities such as electricity, gas, water, wholesale and retail trade, the latest data from the Bangko Sentral ng Pilipinas (BP) showed.
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Bank loans up 19.8%
Bank loans rose by 19.8 percent in August due to the increasing demand for loans amid the economic slowdown in the first half of 2011, the Bangko Sentral ng Pilipinas reported Tuesday.
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BSP: Bank loans post 19.8% increase in Aug.
