Modest business appetite curbs PH bank lending growth

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10 months ago

MANILA, Philippines —Bank lending grew by 7 percent in November, among the slowest pace seen in two years, as cautious appetite for business loans tempered the impact of robust household credit expansion. Excluding their lending with each other, outstanding loans of universal and commercial banks reached P11.4 trillion in November, the BSP reported on Friday.

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Topics:

modest

business

appetite

curbs

lending

growth

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