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Sept. bank lending growth hit 4-month high
MANILA, Philippines — Bank loans grew at their fastest pace in four months in September, driven by stronger lending to businesses despite rising interest rates and inflation. Latest data from the Bangko Sentral ng Pilipinas (BSP) showed outstanding loans from big banks rose 11.4 percent from a year earlier to P15.3 trillion. That marked the
MANILA, Philippines — Bank loans grew at their fastest pace in four months in September, driven by stronger lending to businesses despite rising interest rates and inflation. Latest data from the Bangko Sentral ng Pilipinas (BSP) showed outstanding loans from big banks rose 11.4 percent from a year earlier to P15.3 trillion. That marked the
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