S&P sees risks in rising consumer lending

PHILIPPINE banks may also face risks from increased lending to consumers to boost yields, S&P Global Ratings said.

"Philippine banks are growing consumer loans faster to improve the yield. It's for yield enhancement purposes, but they are taking on incremental risk in the process also," S&P Global Ratings Director and Lead Analyst for Southeast Asia Financial Institutions Ratings Ivan Tan said in a media briefing on Wednesday.