BW IN-DEPTH ON-DEMAND QUARTERLY BANKING REPORT

2021 1st Quarter Banking Report

The first three months of the year proved to be another challenging period for the country’s biggest banks as they issued even fewer loans amid the piling up of soured loans amid the coronavirus pandemic.

The first-quarter edition of BusinessWorld’s Quarterly Banking Report showed the aggregate loans of 46 universal and commercial banks (U/KBs) declined by 5.98% year on year to P9.351 trillion in the January-March period, sharper than the 3.96% contraction posted in the preceding quarter.

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