Bank loans growth faster 18% this yr – BMI

LOANS being granted by banks in the Philippines could increase by 18 percent this year as the industry stands to benefit from the country’s strong growth prospects and sustainable lending practices, which have supported long-term asset quality, according to the Fitch-owned BMI Research.

This is a significant improvement from 12 percent growth it had forecast previously and the 12.76 percent expansion attained in 2015.