Bank lending remains weak even as money supply expands 8.3%

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Bank lending remains weak even as money supply expands 8.3%

The Bangko Sentral ng Pilipinas (BSP) said big banks’ outstanding loans continued to decline by 4.5 percent year-on-year in March, higher than what was reported in February of 2.7 percent. “Credit activity remained tepid on banks’ tighter lending standards as a resurgence in coronavirus cases dampened the domestic economic outlook,” …
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