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June 19, 2024

Philippine banks expect steady loan demand growth in Q4 2023

Philippine banks anticipate a steady rise in loan demand from businesses and households in Q4 2023, according to the Bangko Sentral ng Pilipinas (BSP) based on its Senior Bank Loan Officers’ Survey.

The survey found increased confidence among borrowers due to improved economic prospects.

Commercial real estate loans (CRELs) are expected to remain stable, with some increase, while household loan demand is projected to rise, driven by higher consumption and attractive bank financing terms.

Overall, banks plan to maintain their credit standards for loans in both business and household sectors for the rest of 2023.