Big banks’ real estate loans up 20% in Jan-June

Sep 25, 2016 11:39 pm

LENDING by big banks to the real estate sector grew in double-digit terms in the first half of the year, with most of the loans allocated to commercial purposes, the central bank reported over the weekend.

The loans universal and commercial banks released to the real estate sector amounted to P1.33 trillion as of end-June 2016, the Bangko Sentral ng Pilipinas (BSP) said late Friday.

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