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Home, car loans surged in 2nd quarter

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Strong home and car sales fueled a healthy surge in consumer loans in the second quarter of the year despite reports by banks that credit standards have been tightened to avoid excess risks.

Posted: October 29th, 2014 in Editor's Pick,Headlines | Read More »

BSP guard up as rising loans fuel concerns

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The Bangko Sentral ng Pilipinas (BSP) has under control local banks’ stockpile of consumer loans which, despite having grown in recent years, still account for a small portion of the financial industry’s total portfolio.

Posted: October 23rd, 2014 in Headlines | Read More »

Banks’ bad loans inched up in July

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Although the level of bad loans held by the country’s major banks inched up in July, from record lows in June, the figure still came out lower year on year, the Bangko Sentral ng Pilipinas (BSP) reported.

Posted: October 10th, 2014 in Headlines | Read More »

Agri loans up in 2013

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Bank loans for agricultural production grew by 13 percent in 2013 to P236.4 billion, according to the Philippine Statistics Authority (PSA).

Posted: July 25th, 2014 in Headlines | Read More »

BSP eyes new benchmarks for pricing bank loans

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Financial regulators are preparing a new and more transparent set of benchmarks that banks can use for pricing loans which, in turn, may affect how much it will take for businesses to expand and consumers to buy cars and homes.

Posted: July 10th, 2014 in Editor's Pick,Headlines | Read More »

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