The Central Bank of the Philippines reported that loans by universal and commercial banks, excluding reverse repurchase agreements with the central bank, rose 11.4 percent year on year in April, up from 10.7 percent in March. On a seasonally adjusted basis, outstanding loans increased 1.1 percent month on month, in line with banks’ expectations of steady loan demand from businesses and households in the second quarter of 2026. Outstanding loans to residents grew 11.8 percent year on year in April, compared with 11.1 percent in March, and continued to account for most total bank lending. Business loans expanded 10.7 percent, up from 9.7 percent, with faster lending to real estate, utilities, trade, manufacturing, and financial and insurance activities. Consumer loans to residents increased 19.6 percent, slower than 20.5 percent in March, reflecting moderation in credit card and motor vehicle loans.
Central Bank of the Philippines2026-06-05
Central Bank of the Philippines reports universal and commercial bank lending growth accelerated to 11.4 percent in April
The Central Bank of the Philippines reported that loans by universal and commercial banks, excluding reverse repurchase agreements, grew 11.4 percent year on year in April, with seasonally adjusted loans up 1.1 percent month on month. Loans to residents rose 11.8 percent, driven by stronger business lending to real estate, utilities, trade, manufacturing, and financial and insurance activities, while consumer loan growth eased to 19.6 percent amid slower credit card and motor vehicle lending.