The Central Bank of the Philippines (BSP) published preliminary data showing outstanding loans from universal and commercial banks continued to increase in June, with year-on-year growth accelerating to 12.1% from 11.3% in May. On a seasonally adjusted basis, outstanding loans rose 1.2% month on month. Resident lending grew 12.6% year on year (from 11.8%), while outstanding loans to non-residents contracted 6.4% (following a 6.6% decline). Loans for business activities expanded 11.1% (from 10.2%), with faster growth reported in lending to real estate activities (9.9%), electricity, gas, steam and air-conditioning supply (29.2%), financial and insurance activities (12.0%), and transportation and storage (15.9%). Consumer loans to residents increased 24.0% (from 23.7%), covering credit card, motor vehicle, and general-purpose salary loans. The BSP noted it monitors bank lending as a key monetary policy transmission channel and will aim to keep domestic liquidity and lending conditions consistent with its price and financial stability mandates.
Central Bank of the Philippines 2025-08-04
Central Bank of the Philippines data show universal and commercial bank lending grew 12.1% year on year in June
The Central Bank of the Philippines reported a 12.1% year-on-year increase in outstanding loans from universal and commercial banks in June, up from 11.3% in May. Resident lending grew 12.6%, while loans to non-residents fell 6.4%. The BSP emphasized its role in monitoring bank lending to ensure alignment with its price and financial stability mandates.