Bank lending growth slowed in January amid rising interest rates
Outstanding loans of universal and commercial banks in the Philippines increased at a slower rate of 10.4 percent in January to P10.7 trillion from P9.7 trillion in the same month of 2022 as interest rates continued to rise. This was slower than the 13.7 percent growth recorded last December but faster than the 8.4 percent … Continue reading Bank lending growth slowed in January amid rising interest rates
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