Go Unlimited with Magzter GOLD
Get unlimited access to 9,500+ magazines, newspapers and Premium stories for just
Try GOLD - Free
Banks' real estate loans climb to 19.8% in 2024
The Philippine Star
|March 06, 2025
The exposure of Philippine banks and trust entities to the volatile property segment inched up to 19.8 percent of total loans in end-December 2024 amid the sustained expansion of property-related lending despite economic uncertainties.
Data from the Bangko Sentral ng Pilipinas (BSP) showed that banks' real estate exposure went up from 19.6 percent in end-September last year. It marked the highest level in two months or since the 19.9 percent as of end-June 2024.
Investments and loans extended by the banking industry to the property sector stood at P3.31 trillion in end-2024, 5.1 percent higher than the P3.15 trillion seen a year ago.
Lending rose by 7.7 percent to P2.95 trillion in 2024 from P2.74 trillion in 2023. Commercial real estate loans rose by 6.9 percent to P1.85 trillion, while residential real estate loans grew by 10 percent to P1.1 trillion.
This story is from the March 06, 2025 edition of The Philippine Star.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 9,500+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The Philippine Star
The Philippine Star
Leveraging the power of AI
How can airports benefit from artificial intelligence (AI) and machine learning (ML)?
5 mins
September 27, 2025
The Philippine Star
Housing prices continue uptrend in Q2
Residential property prices climbed further in the second quarter, with nationwide housing costs rising both year-on-year and quarter-on-quarter despite mixed trends across regions, the Bangko Sentral ng Pilipinas (BSP) reported.
2 mins
September 27, 2025
The Philippine Star
D&L units get 2-year tax holiday extension
Two units of D&L Industries Inc. that are operating at its new plant in Batangas have been granted an additional two years of income tax holiday.
1 mins
September 27, 2025
The Philippine Star
BBM stays out of probe on Martin; Ping leery of Guteza
Following the statement of a former security aide that he personally delivered millions of pesos to the residences of Rep. Zaldy Co and ex-speaker Martin Romualdez, Malacañang assured the public that President Marcos would stay out of the investigation, even if it involves his relatives and allies.
2 mins
September 27, 2025
The Philippine Star
3 dead, 400,000 evacuated as Opong batters Bicol
The Philippines evacuated hundreds of thousands of people and confirmed at least three deaths as Severe Tropical Storm Opong battered the country.
2 mins
September 27, 2025
The Philippine Star
AN INSIGHTFUL EXCHANGE ON ANTI-AGING BREAKTHROUGHS
DMark Beauty Corporation, the Global Beauty Expert under the dynamic leadership of its awe-inspiring CEO Nikki Tang, hosted its highly anticipated Beauty and Beyond Anti-Aging and Aesthetics series at the elegant Rigodon Ballroom of The Peninsula Manila in Makati City.
1 min
September 27, 2025
The Philippine Star
DOJ to seek Interpol 'blue notice' vs Zaldy
Justice Secretary Crispin Remulla has directed the Department of Justice (DOJ) to request from the International Criminal Police Organization (Interpol) a “blue notice” against Ako Bicol party-list Rep. Zaldy Co to track his whereabouts.
6 mins
September 27, 2025
The Philippine Star
Magalong role as ICI adviser to be reviewed
Baguio City Mayor Benjamin Magalong's role as special adviser to the Independent Commission for Infrastructure (ICI) — the body investigating anomalous flood control projects — will be reviewed, a Malacañang official said yesterday.
2 mins
September 27, 2025
The Philippine Star
Bernie Fabiosa and humility
THE GAME OF MY LIFE
2 mins
September 27, 2025
The Philippine Star
BSP shocked by cash piles in flood control corruption
The Bangko Sentral ng Pilipinas (BSP) is tracing unusually large cash flows across the financial system as part of a widening probe into the multibillion-peso flood control scandal, but it assured the public that the banking sector remains strong and liquid.
3 mins
September 27, 2025
Listen
Translate
Change font size