9 months Bank lending posts 13.7% expansion in Feb.; money supply (M3) at P11.5 trillion MB |Biz
By Lee C. Chipongian Big banks’ outstanding loans increased by 13.7 percent year-on-year in February, a slower pace of growth compared to 15.3 percent in January, the Bangko Sentral ng Pilipinas (BSP) said. MB file photo. Domestic liquidity or M3 also slowed in February, it grew by 7.1 percent year-on-year to P11.5 trillion from 7.7 percent in the previous month. According to the BSP, the demand for credit “eased but remained the principal driver of money supply growth.” Domestic claims were up by 11.7 percent from 12.4 percent in January because of sustained growth in credit to the private sector, ... more