Outstanding loans from universal and commercial banks maintained a double-digit pace of growth in March as high liquidity of the banking sector prompted industry members to service credit requirements of consumers and enterprises.
Loans secured by banks from the Bangko Sentral ng Pilipinas surged in the first two months of the year, as the historic-low interest rates encouraged borrowing activities.
Bank lending rates fell by an average 71.5 basis points to reach record lows in 2012 and are expected to further decline this year.
Alsons Consolidated Resources Inc. of the Alcantara family is set to tap new loan facilities to help raise funds for roughly P14 billion worth of power projects in Mindanao.
Outstanding loans issued by the country’s universal and commercial banks grew at a double-digit pace as of November 2012, on the back of rising loan demand from consumers and businesses.
Bank loans denominated in US dollar and other foreign currencies rose in the third quarter, as the growing liquidity in the banking sector encouraged industry players to lend more.
Chinese banks boosted lending in November from October, official figures showed Tuesday, as Beijing seeks to preserve the budding recovery in the world’s second largest economy.
Loans secured by banks from the rediscounting facility of the Bangko Sentral ng Pilipinas rose by over 60 percent in the first five months of the year, as the country’s low interest rate environment spurred demand for credit.
Bank loans denominated in foreign currencies grew by a double-digit pace as of end-September, as growing liquidity of the creditors increased their appetite for lending. The Bangko Sentral ng Pilipinas on Friday reported that outstanding loans from foreign currency deposit units (FCDUs) of banks amounted to $6.6 billion as of the end of the third [...]
The Bangko Sentral ng Pilipinas is pushing for the establishment by end-2011 of a credit bureau that will allow credit-worthy enterprises to easily secure bank loans.
