Bank lending slightly lower in Oct.

Bank lending slightly slowed down in October as outstanding loans of commercial banks, net of reverse repurchase (RRP) placements with the Bangko Sentral ng Pilipinas (BSP) were recorded at 13.6 percent, lower compared to revised 16.2-percent growth in the previous month.

The BSP said that the growth of bank lending inclusive of RRPs in the same month was also on a slightly slower pace of 13.5 percent from the revised 14.9 percent in September.