Loans of Philippine commercial banks, net of reverse repurchase placements, expanded at a slower pace of 13.7% from a year earlier in November compared with 13.9% growth in October, the Bangko Sentral ng Pilipinas said in a statement.
Loans net of placements at central bank +0.8% m/m
Inclusive of central bank placements, loans +13.4% y/y vs 13.4% in Oct.; +0.9% m/m
Loans for productive activities grew 12.4% y/y vs +12.4% last month
Loans for household consumption rose 24.1% y/y vs +22.6% previously
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