BSP: Bank Lending Continues to Expand in August
Total outstanding loans of commercial banks, net of banks’ reverse repurchase (RRP) placements with the BSP, continue to expand in August but at a slower pace of 14.0 percent relative to the growth of 16.0 percent in July. Bank lending inclusive of RRPs likewise recorded a slower growth rate of 12.4 percent from 15.2 percent …