Banks' real estate exposure climbs

By Mayvelin U. Caraballo

Oct 04, 2021 12:12 am

Philippine banks' exposure to the real estate industry as of the end of June this year had climbed by 9.2 percent year-on-ear, with loans accounting for the bulk.

According to the latest Bangko Sentral ng Pilipinas (BSP) data, real estate exposure (REE) of banks and trust departments increased to P2.73 trillion in June 2020, up from P2.50 trillion a year ago.

Already have an active account? Log in here to continue reading.
Or
Subscribe to the Premium Subscription plan to access this subscriber-exclusive article.

Related Articles

DTI inks deal with retailers, suppliers

Wall Street drafts Trump wish lists

Global food prices hit 18-month high – FAO

BSP cited for Coin Deposit Machines

China consumer prices rise slowly in October

EU leaders vow 'urgent' economic overhaul

Panama Canal transit could increase, says chief