66% of Philippine banks anticipate steady business loan demand in Q3 despite high interest rates, according to BSP's Senior Loan Officers' Survey.
Banks in the Philippines expect increased loan demand from both corporate and household borrowers in Q3, despite high interest rates, according to the Bangko Sentral ng Pilipinas' (BSP) Senior Loan Officers’ Survey. The survey found that 66% of banks anticipate "broadly steady" loan demand for businesses, with the Diffusion Index method reflecting a higher net increase in credit demand from businesses in Q2. In terms of household loans, 84.2% of banks kept lending standards unchanged in the second quarter.
July 28, 2024
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