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Bank lending declines in June, slower than previous month: BSP

ABS-CBN News
Posted at Jul 30 04:32 PM

Consumer loans to residents dropped by 8.6 percent in June from a 9.2 percent decrease in May "as motor vehicle loans and salary-based consumption loans declined further," the central bank said. Read more »

Bank lending declines by 4 percent in May due to 'muted' credit activity: BSP

ABS-CBN News
Posted at Jun 30 05:24 PM

Outstanding loans of universal and commercial banks, net of reverse repurchase, declined by 4 percent in May following a 5 percent drop in April, the Bangko Sentral ng Pilipinas said Wednesday. Read more »

Better data analysis seen as key to boosting bank lenk lending

ABS-CBN News
Posted at Jun 28 03:11 PM

Arellano noted that even with record-low interest rates, bank lending which is supposed to stimulate the economy, has barely grown as banks remained reluctant to lend due to worries over clients’ ability to pay. Read more »

BSP says small enterprises benefitted from cheap loans but lending still weak

ABS-CBN News
Posted at Jun 17 05:06 PM

Micro, small and medium enterprises have benefitted from low interest rates as the Bangko Sentral ng Pilipinas ensured that there is ample liquidity in the market, a central bank official said Thursday.  Read more »

Bank lending contracts by 5 percent in April: BSP

ABS-CBN News
Posted at May 31 06:05 PM

Outstanding loans of universal and commercial banks, net of reverse repurchase (RRP) placements with the Bangko Sentral ng Pilipinas, declined by 5 percent year-on-year in April following a 4.5 percent contraction in March, it said Monday. Read more »

Bank lending falls 4.5 percent in March

ABS-CBN News
Posted at May 10 06:29 PM

Bank lending fell in March as a surge in COVID-19 cases dampened economic outlook, the Bangko Sentral ng Pilipinas said on Monday. Read more »

Bank lending declines 2.7 percent in February: BSP

ABS-CBN News
Posted at Mar 31 02:01 PM

Bank lending declined by 2.7 percent in February partly due slower activities brought by the pandemic, the Bangko Sentral ng Pilipinas said Wednesday.  Read more »

Bank lending declines by 2.4 percent in January: Bangko Sentral

ABS-CBN News
Posted at Mar 02 06:25 PM

Bank lending dropped by 2.4 percent year-on-year in January reflecting a decreased demand from weaker consumer and business activities, the Bangko Central ng Pilipinas said Tuesday. Read more »

Bangko Sentral keeps interest rates steady

ABS-CBN News
Updated as of Feb 11 04:33 PM

The Bangko Sentral ng Pilipinas kept interest rates steady on Thursday in line with analysts' expectations.  Read more »

BSP rate hike will not work on current inflation: analyst

ABS-CBN News
Updated as of Feb 12 05:23 AM

Joey Roxas, president of Eagle Equities, said the current spike in inflation was "cost-push" or driven by rising costs from producers. Read more »

Bank lending drops for the first time in 14 years in Dec

Reuters
Posted at Feb 03 06:56 PM

Philippine bank lending fell for the first time in more than 14 years in December, reflecting weak consumer and business activity, with the trend expected to persist as coronavirus restrictions remain in place in many parts of the country. Read more »

BSP seen cutting rates, RRR anew as economy shrinks again in 4th quarter

Warren de Guzman, ABS-CBN News
Posted at Jan 14 06:41 PM

The Bangko Sentral ng Pilipinas may cut its policy rate again or further reduce banks' required reserve ratio as the Philippine economy again shrinks in the fourth quarter, an economist said on Thursday.  Read more »

BSP to keep rates low, says inflation 'least' of worries

ABS-CBN News
Posted at Jan 05 11:53 AM

The Bangko Sentral intends to keep interest rates low for “many quarters to come” and that inflation was the “least” of its worries despite consumer prices rising at their fastest pace since March 2019.  Read more »

Bangko Sentral makes surprise rate cut as economic slump continues

ABS-CBN News
Updated as of Nov 19 05:40 PM

The Bangko Sentral ng Pilipinas made a surprise 25 basis points policy rate cut on Thursday, bringing the overnight reverse repurchase facility to a new historic low of 2 percent. Read more »

Dominguez bats for FIST bill this year as tight lending seen hitting businesses

ABS-CBN News
Posted at Nov 18 07:34 PM

Finance Secretary Carlos Dominguez called on lawmakers to pass a bill this year that will let banks offload bad loans as a study released Wednesday showed tight lending has been affecting businesses amid the COVID-19 crisis. Read more »

Car dealers reeling from virus urge banks to loosen auto loan requirements

ABS-CBN News
Updated as of Jun 08 05:53 PM

An auto dealers' group said Monday that strict bank requirements for auto loans are hurting their business as they try to recover from almost 3 months of lockdown.  Read more »

ECB pumps up bank lending, bond buys to cushion virus impact

Tom Barfield, Agence France-Presse
Posted at Mar 12 10:26 PM

 The European Central Bank on Thursday followed other major central banks with a flurry of measures to cushion the impact of the coronavirus, including increased bond purchases and cheap loans to banks, but surprised observers by leaving key interest rates unchanged. Read more »

Bank lending, money supply expand in November

ABS-CBN News
Posted at Jan 08 07:11 PM

Bank lending and the amount of money circulating in the country's financial system both expanded in November, the Bangko Sentral said on Wednesday citing preliminary data. Read more »

ADB plans $9.1 billion in loans to Philippines under 3-year plan

ABS-CBN News
Posted at Oct 17 11:37 AM

The Manila-based lender said it would allocate 59.5 percent of its 3-year lending program Philippines Country Operations Business Plan (COPB) 2020-2022 on transportation projects including railway, bridges, road networks, and elevated pedestrian walkways. Read more »

Bank lending growth slows; domestic liquidity expands: BSP

ABS-CBN News
Posted at Jul 31 07:13 PM

MANILA - The Bangko Sentral ng Pilipinas said bank lending posted slower growth in June compared to May.  Read more »