Bank lending growth decelerates in Nov

Bank lending grew at a slightly slower pace of 13.6 percent in November from 13.9 percent a month earlier, the Bangko Sentral ng Pilipinas said on Tuesday, as loans for production activities moderated amid continued expansion in household consumption.

Including reverse repurchase placements (RRPs) with the central bank, lending growth on a year-on-year basis also eased to 13.2 percent compared to the 13.6 percent recorded in October.