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.
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