Banks will now have to submit regular residential real estate lending reports to the central bank, which is looking to generate a price index aimed at averting property bubbles.

The Bangko Sentral ng Pilipinas (BSP) on Wednesday said that the Monetary Board last October 29 approved a circular requiring all universal/commercial banks and thrift banks to submit quarterly reports on approved residential real estate loans (RRELs).

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details