Bank loans and money supply continued to expand in September 2024 on rising expenditures, data from the Bangko Sentral ng Pilipinas (BSP) showed over the
Bank loans and money supply continued to expand in September 2024 on rising expenditures, data from the Bangko Sentral ng Pilipinas showed over the weekend.
Outstanding loans to residents, net of RRPs, increased 11.3 percent in September, faster than 10.9 percent in the previous month. Loans for production activities grew by 9.8 percent in September, up from 9.4 percent in August. This was led by bank lending to key industries such as real estate activities ; wholesale and retail trade, repair of motor vehicles and motorcycles ; manufacturing ; and electricity, gas, steam and air-conditioning supply .
Meanwhile, domestic liquidity or money supply grew by 5.4 percent year-on-year to about P17.6 trillion in September 2025, following a 5.5-percent increase in August. On a month-on-month seasonally-adjusted basis, M3 marginally increased by about 0.7 percent.
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