Bank lending expands 4.6% in Dec
Bank lending marked its fifth straight month of expansion in December, increasing by 4.6% year on year to P9.6 trillion.
The Bangko Sentral ng Pilipinas (BSP) attributed the growth to a more favorable economic outlook due to sustained vaccine rollout and easing community restrictions.
In December, Metro Manila and most parts of the country were under Alert Level 2, allowing for further reopening of businesses and activities.
This story was generated by AI to help you understand the key points. For more detailed coverage, please see the news articles from trusted media outlets below.
Topics in this story
Explore more stories about these topics