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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.
MANILA, Philippines — The banking industry’s real estate exposure in the form of loans and investments was up 15.2 percent year-on-year to P472.3 billion at the end of the first semester, the Bangko Sentral ng Pilipinas (BSP) stated in a monthly report.
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Banks’ Property Loans Up 15.2%
High levels of bad and classified loans weighed on the finances of the Makati-based LBC Development Bank, which was recently closed by the Bangko Sentral and placed under the receivership of the government’s Philippine Deposit Insurance Corp.
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Bad loans hounded LBC
The Bangko Sentral ng Pilipinas (BSP) over the weekend said bank lending continued to expand in July, hitting a two-year high. Money supply also grew during the same month although at a slower pace.
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Bank loans continue to expand
The non-performing loans (NPLs) ratio of the country’s banking system improved to 2.45 percent, its best level since just before the 1997 Asian financial crisis, the Bangko Sentral ng Pilipinas said Friday.
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Bad loans ratio drop to record low, says BSP
Boosted by a 26-month record high in June, double-digit growth of bank loans to various industries from December 2010 to June 2011 pumped up to P15.39 trillion in funds for economy-boosting activities and helped ease inflation pressures, according latest data of the Bangko Sentral ng Pilipinas (BSP). Total bank loans as of June reached P2.59 trillion, up 18.8 percent, the fastest pace since …
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Record-high bank loans fuel economy, pump P15T to industries
Automobile loans posted the highest growth among consumer loans in the first quarter of 2011, rising by 5.6-percent to P124.2 billion as of end-March, the Bangko Sentral ng Pilipinas (BSP) said on Monday.
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Loans for cars and housing up 5 percent in Q1 2011
The non-performing housing loans of Philippine banks in the first quarter fell by 25 percent to P9.69 billion from P12.97 billion as of year-end 2010, according to the Bangko Sentral ng Pilipinas (BSP).
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Delinquent housing loans down 25% – BSP
Loans of foreign currency deposit units increased by 14.3 percent to $5.5 billion, according to latest figures of the Bangko Sentral ng Pilipinas. Most of the loans or 62.7 percent had medium- to long-term maturities while 37.3 percent were short-term accounts.
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FCDU loans up 14.3% to $5.5B – BSP
