Banks’ lending standards for businesses are expected to tighten throughout the third quarter of 2023. | RonWDomingoINQ /PDI
Results from the latest quarterly Senior Bank Loan Officers’ Survey conducted by the Bangko Sentral ng Pilipinas showed that this was the scenario based on a “diffusion index” approach on the data collected from 48 universal and commercial banks as well as thrift banks. Data from respondents came in between June 5 and July 12.A positive DI number for credit standards indicates that the proportion of respondent banks that have tightened their credit standards exceeds those that eased .
A negative DI for credit standards indicates that more respondent banks have eased their credit standards compared to those that tightened .
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