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October 02, 2023

Banks maintain stable credit standards in Q2, survey shows

Banks in the Philippines have kept their overall credit standards unchanged for business and household loans during the second quarter of this year, as revealed by the Bangko Sentral ng Pilipinas’ Senior Bank Loan Officers’ Survey.

While loan demand has been on the rise, the survey indicates that most banks have retained their lending standards, with the diffusion index method showing a net tightening of loan standards for businesses and a net easing for consumer loans.

The survey noted increased lending demand and assessed various factors influencing the supply and demand for loans across enterprises and households.

Meanwhile, the survey also revealed that while overall standards remained unchanged, different methods indicated varying degrees of tightening or easing for certain types of loans, reflecting factors such as risk tolerance, economic outlook, and competition.


PNB recognized during SSS’s 66th anniversary celebration

The Social Security System (SSS) has bestowed two prestigious awards upon Philippine National Bank (PNB), designating them as the “Best Collection Partner” for the Overseas Bank category and the “Best Disbursement Partner” for the Universal Bank category during the “Balikat ng Bayan” Awards (BBA) 2023 ceremony held at the SSS Main Office in Quezon City on September 8.

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