6 months Banks tighten real-estate lending Manilatimes |Biz
BANKS have tightened credit standards on loans extended to real-estate companies but maintained those for individual borrowers, the Bangko Sentral ng Pilipinas (BSP) said. Results of the First Quarter 2019 Senior Bank Loan Officers’ Survey released on Friday indicated a net tightening of overall credit standards for real-estate loans during the quarter using the diffusion index (DI) approach. A positive DI indicates that the proportion of banks that tightened their credit standards is greater than those that did otherwise (net tightening). In contrast, a negative DI indicates that more banks eased those standards than those that tightened (net easing). The ... more