BANK lending continued to rise in September but money supply growth was marginally slower, Bangko Sentral ng Pilipinas (BSP) data issued on late Friday showed.
BANK lending continued to rise in September but money supply growth was marginally slower, Bangko Sentral ng Pilipinas data issued on late Friday showed.The outstanding loans of universal and commercial banks, net of reverse repurchase placements with the central bank, grew by 11.0 percent, slightly higher than the 10.7 percent recorded in August.Domestic liquidity growth, meanwhile, moderated to 5.4 percent to about P17.6 trillion from August's 5.5 percent.
7 percent and was said to have been driven by credit card lending.As for liquidity, domestic claims grew by a slower 9.6 percent in September from 10.0 percent in the prior month.Private sector claims rose to 12.4 percent from August's 11.9 percent, attributed to sustained expansion in bank lending to non-financial private corporations and households.Net claims on the central government saw growth slow to 6.6 percent from 8.
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