BANKS effectively upheld stable credit standards during the second quarter of this year, the Bangko Sentral ng Pilipinas (BSP) reported late Friday.
BANKS effectively upheld stable credit standards during the second quarter of this year, the Bangko Sentral ng Pilipinas reported late Friday.The Senior Bank Loan Officers' Survey results showed that a larger percentage of banks maintained overall credit requirements for both firms and households .The survey's modal-based results showed that a greater majority of surveyed banks kept lending standards for business loans unchanged.
Based on the DI approach, banks anticipate a net easing of lending standards due to higher risk tolerance, improved loan portfolio profitability, and a less uncertain economic outlook.Loan demand from both enterprises and consumers indicated this was substantially stable, based on the survey findings using a modal approach.DI-based statistics revealed a net rise in overall loan demand across all company classifications.
Credit Standards Steady In Q2 Says BSP
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