The Bangko Sentral ng Pilipinas (BSP) said Tuesday lending by universal and commercial banks to businesses and individuals grew 12.1 percent year-on-year in June 2025.
The growth in loans, which exclude reverse repurchase agreements with the central bank, picked up from 11.3 percent seen in May.
Outstanding loans to residents increased 12.6 percent in June, compared with 11.8 percent in May. Meanwhile, outstanding loans to non-residents contracted 6.4 percent after a 6.6 percent decline in May. The BSP said these figures include loans from banks’ foreign currency deposit units to non-residential borrowers.
Loans for business funding grew 11.1 percent in June, up from 10.2 percent the previous month. This was driven by faster lending for real estate activities (9.9 percent), electricity, gas, steam, and air conditioning supply (29.2 percent), financial and insurance activities (12.0 percent), and transportation and storage (15.9 percent).
Consumer loans to residents also rose, climbing 24.0 percent in June, higher than the 23.7 percent growth in May. This category includes credit card, motor vehicle and general-purpose salary loans.
“The BSP monitors bank loans because they are a key transmission channel of monetary policy,” the BSP said.
“Looking ahead, the BSP will ensure that domestic liquidity and bank lending conditions remain consistent with its price and financial stability mandates,” it said.
