The Central Bank of the Philippines (BSP) published preliminary data showing that outstanding loans of universal and commercial banks (U/KBs), net of reverse repurchase (RRP) placements with the BSP, grew by 12.2% year on year in February 2025, slightly slower than the 12.8% expansion in January. On a seasonally adjusted month-on-month basis, outstanding U/KB loans net of RRPs rose by 0.6%. Loans to residents net of RRPs increased by 12.6% year on year, down from 13.3% in January, while loans to non-residents fell by 3.2% after a 3.5% decline previously. Lending for production activities grew by 11.2% (from 11.8%), led by electricity, gas, steam and air-conditioning supply (21.5%), transportation and storage (20.6%), wholesale and retail trade and repair of motor vehicles and motorcycles (13.7%), construction (12.7%) and manufacturing (0.9%). Consumer loans to residents expanded by 24.1% (from 24.4%), driven by credit card and motor vehicle loans.
Central Bank of the Philippines 2025-03-31
Central Bank of the Philippines reports universal and commercial bank loan growth eased to 12.2% year on year in February 2025
The Central Bank of the Philippines reported a 12.2% year-on-year growth in outstanding loans of universal and commercial banks, net of reverse repurchase placements, in February 2025, down from 12.8% in January. Loans to residents increased by 12.6%, while loans to non-residents decreased by 3.2%. Lending for production activities rose by 11.2%, with significant contributions from sectors such as electricity, gas, and transportation.