BSP relaxes banks’ real estate loan limit

BANKS can now extend more real property loans to borrowers as the Bangko Sentral ng Pilipinas (BSP) eased their exposure limit to the sector.

In a message on Thursday, BSP Governor Benjamin Diokno announced that the central bank’s policy-making Monetary Board has increased the real estate loan limit of universal and commercial banks from 20 percent to 25 percent.