The Central Bank of the Philippines reported that loans from universal and commercial banks grew 9.8% year on year in June, down from 12.1% in May, amid cautious corporate borrowing and subdued consumer demand. The figures exclude banks’ reverse repurchase agreements with the central bank. Business loan growth slowed to 9.2% from 11.7%, reflecting weaker expansion in construction, education and other service activities, although lending to several major sectors continued to increase. Consumer loans to residents rose 17.8%, down from 19.0%, as credit card and motor vehicle loan growth moderated. Total outstanding loans to resident companies and individuals increased 10.3% and continued to represent the bulk of bank lending.
Central Bank of the Philippines2026-07-31
Central Bank of the Philippines reports bank loan growth slowed to 9.8% in June
The Central Bank of the Philippines reported that universal and commercial bank loan growth slowed to 9.8% year on year in June from 12.1% in May. Business lending growth eased to 9.2%, while consumer loan growth moderated to 17.8% as credit card and motor vehicle borrowing slowed.