Bank lending sustained its rapid growth in April as loans for productive sectors of the economy rose further, providing support to the growth momentum of the economy, the central bank said.
Data released by the Bangko Sentral ng Pilipinas (BSP) on Friday showed outstanding loans granted by commercial banks, net of reverse repurchase (RRP) placements with the central bank, increased 20.9 percent in April following a 20-percent increase the previous month.
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