Bank lending grows by 10.3% in November —BSP

The Bangko Sentral ng Pilipinas (BSP) said outstanding loans from universal and commercial banks (U/KBs) to businesses and individual consumers expanded in November 2025.

Preliminary data show that loans from U/KBs grew at a steady rate of 10.3 percent year-on-year in November.

"After adjusting for seasonal fluctuations, outstanding U/KB loans expanded by 0.9 percent month-on-month in November," the country's central bank said.

Outstanding loans to residents grew at a slower rate of 10.7 percent in November from 10.9 percent in October. Meanwhile, outstanding loans to non-residents decreased by 4.5 percent after contracting by 11.1 percent in the previous month, it added.

Loans for business activities rose by 9.0 percent in November. Lending also increased for the following key industries: real estate activities (9.0 percent); electricity, gas, steam, and airconditioning supply (26.6 percent); wholesale and retail trade, repair of motor vehicles and motorcycles (11.6 percent); financial and insurance activities (3.5 percent); information and communication (7.0 percent), and transportation and storage (12.7 percent).

Credit cards and other consumer loans, like motor vehicle, and general-purpose salary loans, grew by 22.9 percent from 23.1 percent.

The BSP said it monitors bank loans because they are a key transmission channel of monetary policy. 

It added it will ensure that domestic liquidity and bank lending conditions remain aligned with its price and financial stability objectives.—LDF, GMA Integrated News