The Digital Sanctuary
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. …
Read More »Bank loans fall 2.7% in February: BSP
