The Central Bank of the Philippines published preliminary data showing that outstanding loans of universal and commercial banks (U/KBs), net of reverse repurchase (RRP) placements with the central bank, increased by 12.8% year on year in January 2025, up from 12.2% in December 2024. On a seasonally adjusted month-on-month basis, net outstanding U/KB loans rose by 1.4%. Loans to residents, net of RRPs, grew by 13.3% year on year (December: 12.4%), while loans to non-residents fell by 3.5% after a 5.7% increase in the previous month. Loans for production activities expanded by 11.8% (December: 10.8%), reflecting continued growth in lending to real estate (9.8%), electricity, gas, steam and air-conditioning supply (23.6%), wholesale and retail trade including motor vehicle and motorcycle repair (13.9%), transportation and storage (21.4%), and manufacturing (4.6%). Consumer loans to residents rose by 24.4% (December: 25.0%), driven by credit card and motor vehicle lending.
2025-03-06Central Bank of the Philippines
Central Bank of the Philippines reports universal and commercial bank loan growth rose to 12.8 percent year on year in January 2025
The Central Bank of the Philippines reported a 12.8% year-on-year increase in outstanding loans of universal and commercial banks, net of reverse repurchase placements, in January 2025. Loans to residents grew by 13.3%, while loans to non-residents decreased by 3.5%. Production activity loans rose by 11.8%, with significant growth in sectors such as real estate, electricity, and retail trade.