Lending by big banks or universal and commercial banks (UK/Bs) expanded more slowly in August, with loans—excluding placements in the Bangko Sentral ng Pilipinas’ (BSP) reverse repurchase window—rising 11.2 percent year-on-year, down from 11.8 percent in July.
This was the slowest annual expansion in nine months, or since the 11.1-percent growth in November last year.
Broken down, the growth in
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