Bank lending growth eased to 12.5 percent last month from 14.1 percent in August on slower takeup of production activity- and household consumption-related loans, the Bangko Sentral ng Pilipinas (BSP) reported on Friday.
Including reverse repurchase placements (RRPs) with the central bank, lending on a year-on-year basis also slowed to 14.1 percent compared to the 14.3 percent recorded the previous month.
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