BusinessWorld E-paper
August 25, 2023
LOAN GROWTH slowed for the third straight month in June, reflecting the impact of the Philippine central bank’s aggressive monetary tightening to curb inflation.
Preliminary data from the Bangko Sentral ng Pilipinas (BSP) showed outstanding loans of big banks expanded by 7.8% to P10.99 trillion in June from P10.19 trillion a year earlier.
