Philippine banks brace for greater loan demand in 2023

MANILA  -The profitability of banks in the Philippines is expected to remain stable in an operating environment engendered by strong economic growth, even as the effects of monetary tightening over the past 11 months start to kick in. Moody’s Investors Service, in its latest outlook report on the Philippine banking system, said accelerating rate hikes … Continue reading Philippine banks brace for greater loan demand in 2023