The Central Bank of the Philippines published preliminary banking data showing outstanding loans from universal and commercial banks continued to expand in August, but at a slower pace. Outstanding loans rose 11.2 percent year on year (from 11.8 percent in July) and increased 0.4 percent month on month on a seasonally adjusted basis. Loans to residents grew 11.6 percent year on year (from 12.4 percent), while loans to non-residents recorded a smaller decline of 5.9 percent (from an 8.1 percent decrease). Business loans expanded 9.9 percent (from 10.8 percent), with lending rising across real estate activities (11.0 percent), electricity, gas, steam and air-conditioning supply (28.1 percent), wholesale and retail trade including motor vehicle and motorcycle repair (8.1 percent), financial and insurance activities (6.9 percent), and information and communication (7.5 percent). Consumer loans to residents increased 23.9 percent (from 23.6 percent). The central bank reiterated it monitors bank lending as a key channel of monetary policy transmission and will aim to keep domestic liquidity and bank lending conditions consistent with its price and financial stability mandates.
Central Bank of the Philippines 2025-10-02
Central Bank of the Philippines reports universal and commercial bank loan growth eased to 11.2 percent year on year in August
The Central Bank of the Philippines reported that outstanding loans from universal and commercial banks grew 11.2% year on year in August, slowing from 11.8% in July. Loans to residents increased by 11.6%, while loans to non-residents declined by 5.9%. The central bank emphasized its commitment to monitoring bank lending to ensure alignment with its price and financial stability mandates.