By Luisa Maria Jacinta C. Jocson, Reporter
THE PHILIPPINES is seen having the most optimistic outlook for credit growth among Southeast Asian countries, Bank of America (BofA) Global Research said.
“The Philippines is the only country within ASEAN (Association of Southeast Asian Nations) showing an ‘improving’ trend and has seen a faster recovery in credit growth to 9-10%… The latest reading of the indicator implies slight improvement from current levels,” it said in a report.
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