Philippine banks’ exposure to real estate rose by 10.74 percent year-on-year as of end-September this year, with loans accounting for the bulk.
Latest Bangko Sentral ng Pilipinas (BSP) data showed real estate exposure (REE) of banks and trust departments reached P2.36 trillion as of the first nine months of 2019, up by P229.4 billion from the P2.13 trillion recorded a year earlier.
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