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Banks kept tight lending standards to businesses in Q1

By Inquirer - 7 months ago
MANILA, Philippines — Banks are staying cautious when lending to businesses amid weakening profitability of some companies, the Bangko Sentral ng Pilipinas (BSP) said in a new report that also showed steady risk tolerance of banks for households. A survey of senior loan officers from 53 banks showed a “net tightening” of lending standards for

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