Bank loans sustained their double-digit growth in November 2024 after the Bangko Sentral ng Pilipinas (BSP) began its monetary easing cycle. Data from the
Bank loans sustained their double-digit growth in November 2024 after the Bangko Sentral ng Pilipinas began its monetary easing cycle.
Loans reached P12.67 trillion in November, up from P11.40 trillion a year ago. They also increased from P12.51 trillion registered in October. Outstanding loans to non-residents include loans by UKB’s foreign currency deposit units to non-residents.
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