Full Reopening: PH Economy Nears Pre-Pandemic Level ' PH banks sound amid headwinds '
The banking industry maintained its resilience and robust footing as shown by continued growth in assets, deposits, and profit, as well as stable capital and liquidity buffers and ample provision for credit losses.
Total loan portfolio further grew 7 percent year on year to P11.4 trillion as of end-April 2022. This growth rate was a turnaround from the 2.5-percent contraction in April 2021 and relatively better than the 5.8-percent growth a month ago.It also marked the ninth consecutive month of positive year-on-year growth rate in the total loan portfolio of the banking industry.
But lending rates have started to inch up in 2022. For the period ending March 2022, the overall mean WAIR on loans of big banks stood at 6.4 percent, lower than the 8.2 percent in March 2020 but higher than the 5.5 percent in March 2021.
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