Bank lending growth slows in October, but still ’bright spot’

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Bank lending growth slows in October, but still ’bright spot’ - Business Mirror

Quick Summary:

THE growth of loans extended by banks to their clients slowed in October 2024, according to the latest data released by the Bangko Sentral ng Pilipinas.

Net foreign assets (NFA) in peso terms rose by 11.2 percent year-on-year in October from 8.6 percent in September.

Total loans extended for production increased to P10.66 trillion in October 2023, higher than the P9.77 trillion posted in October 2023.