Big banks’ outstanding loans grew slower at 13.7 percent in November compared to 13.9 percent growth in October, according to the Bangko Sentral ng Pilipinas (BSP).
Big banks’ outstanding loans grew slower at 13.7 percent in November compared to 13.9 percent growth in October, according to the Bangko Sentral ng Pilipinas .
“The BSP will ensure that domestic liquidity conditions remain appropriate to support the prevailing stance of monetary policy, and continue to prioritize its inflation control and financial stability objectives,” said the BSP. Loans extended to the manufacturing, financial and insurance, and information and communication sectors also increased by 15.6 percent, 13.1 percent and 24.3 percent, respectively, to P1.224 trillion, P1.053 trillion and P576.210 billion.
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