9 months Thrift banks play key role in PH growth – BSP chief Manilatimes |Biz
The thrift banking industry remains supportive of the country’s economic growth as reflected by its lending performance, the Bangko Sentral ng Pilipinas (BSP) said on Friday. “This industry has been an enabler of economic development by encouraging savings and extending credit to crucial sectors of the economy,” BSP Governor Benjamin Diokno said in his speech during the Chamber of Thrift Banks’ (CTB) convention in Makati City. He said lending activities of thrift banks continued to expand and were channeled to productive sectors. Consumer loans of thrift banks as of December 2018 expanded by 6 percent to P562 billion from P530 ... more