BANK lending continued to accelerate in March with money supply rebounding from a four-month decline, the Bangko Sentral ng Pilipinas reported late Thursday.Preliminary data showed that the outstanding loans of universal and commercial banks, net of reverse repurchase placements with the BSP, grew by 9.4 percent from 8.6 percent in February.This is the fourth consecutive month of pick-up and the highest bank lending growth recorded since April 2023 at 9.7 percent.
Claims on the private sector, in particular, grew by 10.9 percent from revised 10.3 percent amid a 'sustained expansion in bank lending to non-financial private corporations and households,' according to the BSP.Net claims on the central government, meanwhile, grew by 15.0 percent from February's revised 12.0 percent, partly due to the decline in the deposits of the national government with the central bank.In peso terms, net foreign assets grew by 5.0 percent from 3.
Loans Loans Latest News, Loans Loans Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: MlaStandard - 🏆 20. / 55 Read more »