Annual growth in bank lending in June sustained its pace at 14.5 percent, with loans supportive of production activities accounting for the bulk, the central bank said on Friday.
Bangko Sentral ng Pilipinas (BSP) data showed outstanding loans granted by commercial banks—excluding reverse repurchase placements (RRPs) with the central bank or money lent to the BSP—maintained the same annual rate of growth as recorded in May.
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