BANK lending in May expanded at a slightly slower pace from the previous month as lending for production activities eased, the central bank said on Tuesday.
Bangko Sentral ng Pilipinas (BSP) data showed that outstanding loans granted by commercial banks—excluding reverse repurchase placements (RRPs) with the central bank, or money lent to the BSP—increased by 14.5 percent against the 15.4 percent growth recorded in April.
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