Consumer loans (CLs) by universal, commercial (U/KBs) and thrift banks (TBs) rose to P702.6 billion in the third quarter of 2013 as the loans for residential real estate increased.

Data from the Bangko Sentral ng Pilipinas (BSP) on Monday showed that the end-September CLs was 16.9 percent higher than the P601.03 billion posted a year ago.

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