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Banks’ non-performing loans up 6.3% as of end-August

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Bangko Sentral ng Pilipinas (BSP). RYAN LEAGOGO/INQUIRER.net FILE PHOTO

Soured loans held by the country’s major banks rose at the end of August, outpacing the growth in the amount of cash lent by banks, the central bank reported Tuesday.

Posted: November 19th, 2014 in Headlines,Latest Business Stories | Read More »

Money vampires

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peso-bills

Question: My family and I have long been practicing the rules that the growing number of financial planners in the country are espousing. For some reason, though, whenever we tally our finances by yearend, we find that we had barely moved from the start of the year. What do you think is the problem?—Asked at “Ask a Friend, Ask Efren” service at www.personalfinance.ph.

Posted: November 5th, 2014 in Columnists,Inquirer Columns,Personal Finance | Read More »

Growth in money supply slowed in September

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The International Monetary Fund has urged Philippine monetary authorities to allow the peso to appreciate with the expected increase in the inflow of dollars this year.  AFP PHOTO

Money supply growth continued to slow down in September and approached the “normal” range of 12 to 15 percent, according to data released Friday.

Posted: November 1st, 2014 in Headlines,Latest Business Stories | Read More »

Home, car loans surged in 2nd quarter

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car-loan-stock-1029

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 »

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