Leading Loan Information Resource
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.
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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.
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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%
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 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
THE Bangko Sentral ng Pilipinas Tuesday reported that consumer loans (CLs) hit P481.2-billion or P8.5 billion higher than last quarter’s data due to growths in automobile and residential real estate loans (RRELs).
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Consumer loans hit P481 billion
Local banks’ consumer loan profiles improved in the first quarter of this year due partly to a double-digit drop in non-performing loans (NPLs) of thrift banks after the shutdown of Banco Filipino, according to the Bangko Sentral ng Pilipinas (BSP). The BSP said in a statement that the NPLs of thrift banks (TBs) “fell by 17.6 percent to P12.8 billion from P15.6 billion with the closure of Banco …
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BSP: Thrift bank loans improve on Banco Filipino closure
