Bank Lending Up 17.4% in November

Bank lending growth accelerated to 17.4 percent in November from 16.2 percent in the same period last year. The BSP attributed the increase to the faster rise in loans for production activities amounting to 18.1 percent, indicating support for economic expansion in the third quarter. Loans to real estate activities went up 19.2 percent, while lending to the manufacturing sector increased by 9.2 percent…

Subscribe via email for complete access to Supreme Consult’s weekly report on political and investment risks in the Philippines.