By Aaron Michael C. Sy, Reporter
BANK LENDING growth slowed in February, preliminary data from the Bangko Sentral ng Pilipinas (BSP) showed.
Outstanding loans of universal and commercial banks rose by 12.2% year on year to P13.03 trillion in February from P11.61 trillion in the same period in 2024. This was slower than the 12.8% expansion in January, which was the fastest in two years.
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