Banks' real estate exposure increases

By Mayvelin U. Caraballo

Jul 05, 2021 12:13 am

Philippine banks' exposure to the real estate sector increased by 5.52 percent year-on-year, with loans accounting for the majority, as of the end-2020.

According to the latest Bangko Sentral ng Pilipinas (BSP) data, banks and trust departments' real estate exposure (REE) expanded to P2.62 trillion as of December 2020, up from P2.48 trillion a year before.

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