Consumer loans (CLs) by universal commercial (U/KBs) and thrift banks (TBs) were up at P735 billion as of the end of the first quarter of 2014 on the back of a rise in auto loans during the period, central bank data shows.

In a statement on Tuesday, Bangko Sentral ng Pilipinas (BSP) said that consumer loans as of end-March stood 13.6 percent higher than the P647 billion posted a year earlier.

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