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 …
View original post here:
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 …
View article:
BSP extends ITR waiver for SME loans 3 years more
MANILA, Philippines – Loans granted by banks’ foreign currency deposit units (FCDU) rose by 4% in the third quarter, the Bangko Sentral ng Pilipinas (BSP) reported on Thursday.
More:
FCDU loans up by 4% in 3rd quarter
Bank loans to private businesses and consumers grew at its fastest this year —22.2 percent in October, according to the Bangko Sentral ng Pilipinas (BSP) — sustaining the production and purchasing power of industries and households with P2.63 trillion in financing.
Original post:
BSP: Bank loans grow 22%, sustain consumer, industrial spending
Rediscounting loans drawn by banks fell by P22.24 billion or 46.8 percent to P25.25 billion in the first 11 months of the year, the Bangko Sentral ng Pilipinas said Monday. The lower use of rediscounting loans reflect a healthy banking system. As a credit facility offered by the central bank, rediscounting loans help banks meet short-term liquidity needs by refinancing the loans to their …
View article:
BSP: Rediscounting loans down 46.8% to P25.25B in the first 11 mos.
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.
Originally posted here:
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.
Taken from:
Credit card, auto loans up
MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) yesterday reported that consumer loans as of the end of the second quarter grew by 15.1 percent to P500 billion, mainly due to real estate residential loans. More borrowers flocked to banks to avail of low-interest housing loans, which as of June was up 3.3 percent to P198.4 billion, and this was just residential loans not including …
Read More:
Consumer Loans Grow 15.1% – BSP
BANKS consumer loans jumped by double digits in the second quarter compared to the same period the year before, fueled by a surge in residential real estate loans, the Bangko Sentral ng Pilipinas (BSP) reported yesterday.
Taken from:
Consumer loans surge 15%
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.
Read More:
Consumer loans reach P500B in Q2
