MANILA, Philippines -- Banks' outstanding loans rose 24.2 percent in June from a year earlier, picking up from the previous month's 15.4 percent, the Bangko Sentral ng Pilipinas (central bank) said on Friday.

Outstanding loans, net of placements with the central bank's overnight borrowing window, rose 18.1 percent in June from a year earlier, against a 15.8 percent expansion in May, based on data from a new reporting system adopted by the central bank, which uses a wider coverage of economic sectors.

The new system classifies lending based on 16 production activities and three categories of household consumption compared with the old system which classified loans into only nine economic sectors, the central bank said in a statement.

Central bank Governor Amando Tetangco said production-related loans, which accounted for three-fourths of total outstanding bank loans, rose 15.7 percent in June from year ago versus the 13.7 percent expansion in May.

Consumer-related loans, which made up of about 8.0 percent of total bank lending, climbed 22 percent in June against a revised 19.9 percent in May, the central bank data showed.

Consumption loan growth came mostly from credit card receivables which grew 27.3 percent in June, the central bank said.

The central bank has yet to calculate bank lending prior to March 2008 under the new reporting system.

Bank lending grew 7.7 percent in April and 10.3 percent in March.