Outstanding loans from universal and commercial banks (U/KBs) to businesses and individual consumers sustained their double-digit growth in July 2025, preliminary data from the Bangko Sentral ng Pilipinas (BSP) showed.
Loans from U/KBs expanded at a slower rate of 11.8 percent year-on-year in July, down from 12.1 percent in June. After adjusting for seasonal fluctuations, outstanding U/KB loans grew 0.7 percent month-on-month in July.
Outstanding loans to residents increased 12.4 percent in July from 12.6 percent in June. Outstanding loans to non-residents decreased further by 8.1 percent in July from a 6.4 percent decline in the previous month.
Loans for business activities expanded at a slower pace of 10.8 percent in July from 11.1 percent in June. Lending increased for the following key industries: real estate activities (10.7 percent), electricity, gas, steam, and air-conditioning supply (30.3 percent), wholesale and retail trade, repair of motor vehicles and motorcycles (8.5 percent), financial and insurance activities (13.1 percent), and information and communication (8.5 percent).
Consumer loans to residents, which include credit card, motor vehicle and general-purpose salary loans grew 23.6 percent from 24.0 percent.
The BSP said it monitors bank loans as they are a key transmission channel of monetary policy. It said it would ensure that domestic liquidity and bank lending conditions remain aligned with its price and financial stability objectives.
