Philippines: Bank lending grows in January as borrowing costs stay low
MANILA, Philippines — Bank lending started the year on a high note as it continued its nascent climb, perking up hopes that the country’s recovery from the pandemic could be sustained. Excluding interbank lending, outstanding loans issued by big banks rose 8.5% year-on-year in January to P9.7 trillion, the Bangko Sentral ng Pilipinas reported Monday. […]
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