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Bank loans fall 2.7% in February: BSP

Bank loans fall 2.7% in February: BSP

MANILA – Bank lending fell 2.7% in February in part due to the pandemic-induced slowdown in activity, the Bangko Sentral ng Pilipinas said on Wednesday. Universal and commercial banks’ outstanding loans, net of reverse repo placement with BSP, contracted 2.7% year-on-year in February after falling 2.5% in January, BSP said. …

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