Banks maintain robust lending growth at 18% in Oct. Money supply (M3) stands at P11.1 trillion 17 SHARES Share it! Share TweetBy Lee C. ChipongianBig banks’ total outstanding loans grew by 18.1 percent year-on-year in October, a higher growth from the previous month’s 17.6 percent with more lending to financial and insurance sector, real estate, manufacturing and construction. Credit demand pushed domestic liquidity or M3 higher by 8.2 percent year-on-year to P11.1 trillion during the period. With reverse repurchase (RRP) placements, bank lending increased by 17.9 percent in October from 16.5 percent reported in September. “The NFA of banks fell due to the slower expansion in banks’ foreign assets as growth in loans and investments in marketable debt securities eased.”

Source: Manila Bulletin November 30, 2018 13:52 UTC