Finance Inquirer
No Result
View All Result
Thursday, July 10, 2025
  • Login
  • Home
  • Business
  • Technology
  • Finance
  • Stock Market
Subscribe
Finance Inquirer
  • Home
  • Business
  • Technology
  • Finance
  • Stock Market
No Result
View All Result
Finance Inquirer
No Result
View All Result
Home Finance

PH bank lending falls for 8th straight month, but BSP sees hope

Tom Hagler by Tom Hagler
30.11.2021
in Finance
PH bank lending falls for 8th straight month, but BSP sees hope
152
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter

MANILA, Philippines—Philippine bank lending contracted for the eighth consecutive month in July as borrowers and lenders continued to shy away from the debt market, but the central bank held out hope that the trend would be reversed as rate of decline in lending was slowing.

In a statement, the Bangko Sentral ng Pilipinas (BSP) said preliminary data showed that outstanding loans of universal and commercial banks, excluding banks’ short term deposits with the regulator, declined by 0.7 percent year-on-year in July after falling by 2 percent in June.

On a month-on-month seasonally-adjusted basis, outstanding universal and commercial bank loans, net of short term bank deposits, rose by 0.5 percent.

Outstanding loans to residents declined marginally by 0.1 percent following a 1.4-percent decrease in June. Meanwhile, outstanding loans to nonresidents declined by 17.4 percent after falling by 19.7 percent in June, as a new wave of COVID-19 cases due to the more contagious Delta variant continued to dampen economic prospects and temper market sentiment.
BUSINESS

BUSINESS

BUSINESS

Consumer loans to residents went down by 8.2 percent in July from an 8.7-percent decline in June due mainly to the continued contraction in motor vehicle loans.

All this occurred amid the continued rise in liquidity levels in the financial system brought about by the central bank’s ultra-loose monetary policy, with prime interest rates at their lowest levels in the country’s history.

  • Trending
  • Comments
  • Latest
P2Pro: profitable changes are coming!

P2Pro: profitable changes are coming!

13.09.2022
Saving and investing the two keys to your future retirement

Saving and investing the two keys to your future retirement

21.06.2022
The Dow Jones slept through the whole trade despite positive data from the labor market. Nasdaq had its best streak of gains this year

The Dow Jones slept through the whole trade despite positive data from the labor market. Nasdaq had its best streak of gains this year

01.09.2022
The ranking of countries in terms of the coverage of children with preschool education has been compiled

The ranking of countries in terms of the coverage of children with preschool education has been compiled

03.11.2022
Take the best photos of your life with the new vivo Y76 5G now available

Take the best photos of your life with the new vivo Y76 5G now available

Complete your Christmas shopping with up to 75% off on devices at vivo’s Big Christmas Sale on Shopee

Complete your Christmas shopping with up to 75% off on devices at vivo’s Big Christmas Sale on Shopee

AirPods 3 vs AirPods 2 – What’s the Difference?

AirPods 3 vs AirPods 2 – What’s the Difference?

Want to be a content creator? Here are 5 valuable tips from today’s top Pinoy online celebrities

Want to be a content creator? Here are 5 valuable tips from today’s top Pinoy online celebrities

PuzzleFree Game Set to Launch in July 2025

PuzzleFree Game Set to Launch in July 2025

08.07.2025
The $14.6 Billion Question: What the Largest Healthcare Fraud Takedown in History Means for Medical Leaders and Investors

The $14.6 Billion Question: What the Largest Healthcare Fraud Takedown in History Means for Medical Leaders and Investors

08.07.2025
Instant Cargo Analysis 24/7: How XRF Analyzer Speeds Up Quality Control for Raw Materials

Instant Cargo Analysis 24/7: How XRF Analyzer Speeds Up Quality Control for Raw Materials

08.07.2025
HIT-NOT reduces forklift accidents and increases safety in logistics

HIT-NOT reduces forklift accidents and increases safety in logistics

07.07.2025

Recent News

PuzzleFree Game Set to Launch in July 2025

PuzzleFree Game Set to Launch in July 2025

08.07.2025
The $14.6 Billion Question: What the Largest Healthcare Fraud Takedown in History Means for Medical Leaders and Investors

The $14.6 Billion Question: What the Largest Healthcare Fraud Takedown in History Means for Medical Leaders and Investors

08.07.2025

Categories

  • Business
  • Finance
  • News
  • Stock Market
  • Technology
  • Без рубрики

Site Navigation

  • Home
  • Contact Us
Finance Inquirer

We offer multimedia features, easy channel navigation, strong social media presence and numerous engagement platforms that allow the readers to experience content anytime, anywhere, always.

No Result
View All Result
  • Home
  • Business
  • Technology
  • Finance
  • Stock Market

© 2021 financeinquirer.com

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In