June loan growth slows to four-month low

WIRE — BIG BANKS loan growth slowed to a fourth-month low in June as businesses turned cautious and consumer demand weakened amid challenging macroeconomic conditions, the Bangko Sentral ng Pilipinas (BSP) said. Central bank data released on Friday showed that universal and commercial banks' outstanding loans, net of reverse repurchase agreements, rose by 9.8% to P14.882 trillion

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