Loan Digest

Bank lending grew by 9.6% in April 2024 — BSP

  • 📰 PhilstarNews
  • ⏱ Reading Time:
  • 19 sec. here
  • 6 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 94%

Bangko Sentral Ng Pilipinas News

Preliminary data released by the central bank on Friday showed that outstanding loans of universal and commercial banks, net of reverse repurchase placements with the BSP, expanded by 9.6% year-on-year in April, up from 9.4% in March.

MANILA, Philippines — Loans given by banks in April 2024 grew by 9.6%, the Bangko Sentral ng Pilipinas said.

Outstanding loans for production activities expanded by 7.8% in April, slightly up from 7.7% in March. Local stocks continued their slump, sinking the market to the 6,300 territory as the peso retreated to another 18-month low... “Policymakers would then need to tighten the monetary reins even further if inflation were to surge in the future, supporting...

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in LOANS

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.

PH debt surges to P15.02 trillion by April 2024SunStar Publishing Inc.
Source: sunstaronline - 🏆 18. / 59 Read more »