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Banks lend more as asset quality improves

By Inquirer - 7 months ago
MANILA, Philippines — Bank lending grew at its fastest pace in 11 months in March, showing resilience in the face of a high-interest rate environment, as asset quality also improved. Outstanding loans by big banks, excluding funds lent among themselves, amounted to P11.8 trillion in March, up by 9.4 percent year-on-year, the Bangko Sentral ng

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