Try GOLD - Free
PH bucks slowing regional credit growth
Manila Bulletin
|July 23 2025
Debt watcher S&P Global Ratings reported that credit growth across emerging markets (EMs) in Asia has generally softened in the first six months of the year, except in the Philippines and Vietnam, where lending has notably picked up pace.
-
The latest Bangko Sentral ng Pilipinas (BSP) data showed that loans from major banks, including universal and commercial banks (U/KBs) but excluding investments in the central bank’s reverse repurchase (RRP), grew slightly faster—by 11.3 percent in May, compared to the 11.2-percent growth in April.
The BSP has stated that the faster lending growth in June was driven by loans to both businesses and individual consumers.
Credit conditions in the region’s EMs generally “held up better than expected,” S&P Global said in a report last week, citing a weaker United States (US) dollar and the “smaller impact” of US President Donald Trump’s tariffs on individual economies' growth.
These conditions have been pulling in capital flows to EMS, the credit rating agency noted.
This story is from the July 23 2025 edition of Manila Bulletin.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Manila Bulletin
Manila Bulletin
Ikebana with an indigenous touch
'Buklod Mangyan' highlights the tribe's simplicity and resilience
2 mins
November 3, 2025
Manila Bulletin
On top of the world
Dodgers rise in epic Game 7, become first repeat champion in 25 years
2 mins
November 3, 2025
Manila Bulletin
PLDT Home celebrates subscribers with 'OMG Mega Giveaway'
PLDT Home has raffled off big prizes for their subscribers.
2 mins
November 3, 2025
Manila Bulletin
SEC eases audit rules for sub-P3M entities
The Securities and Exchange Commission (SEC) wants to exempt more corporations from the mandatory submission of audited financial statements, in a bid to further reduce compliance costs for micro, small, and medium enterprises (MSMEs).
2 mins
November 3, 2025
Manila Bulletin
Imagining the Education of the Future with Zach Pendleton of Instructure
No sooner did we hear about the power of ChatGPT than we started hearing about students submitting essays using generative AI.
3 mins
November 3, 2025
Manila Bulletin
DICT monitoring possible internet traffic flood on Nov. 5
The Department of Information and Communications Technology (DICT) warned on Sunday, Nov. 2 of an internet traffic flood that may occur on Nov. 5, which could cause some websites or mobile applications to load slowly or become temporarily inaccessible.
1 min
November 3, 2025
Manila Bulletin
BPI preps for Apple Pay, Google Pay launch
The Bank of the Philippine Islands (BPI) expects its card products to be ready for tokenization by next year, positioning the Ayala-led lender for the anticipated local launch of Apple Pay and Google Pay.
2 mins
November 3, 2025
Manila Bulletin
Keep rice tariffs low, OECD tells PH gov't
As plans to raise the tariff rate on rice imports begin to take shape, the Organization for Economic Cooperation and Development (OECD) is urging the Philippine government to reconsider and instead maintain the lower tariffs as a measure to keep prices stable.
3 mins
November 3, 2025
Manila Bulletin
P50.7-B Samsung expansion to create 3,000 jobs in PH – PBBM
President Marcos announced that South Korean tech giant Samsung will pour some P50.7 billion into expanding its operations in its Calamba, Laguna facility, a move expected to create at least 3,000 new jobs and strengthen investor confidence in the country's economy.
1 mins
November 3, 2025
Manila Bulletin
'Undas' generally peaceful, orderly; PNP braces for return of Pinoys from provinces
The nationwide observance of All Saints and All Souls Days, locally referred to as “Undas” was generally peaceful and orderly, the Philippine National Police (PNP) said on Sunday, Nov. 2, as it braces for the return of millions of Filipinos who went to their home provinces to honor their departed loved ones.
3 mins
November 3, 2025
Listen
Translate
Change font size