Outstanding loans extended to businesses and consumers by universal and commercial banks (U/KBs) in the Philippines grew at a slower pace in September 2025, reaching P13.70 trillion, data from the Bangko Sentral ng Pilipinas (BSP) showed Wednesday.
The total outstanding loan amount reflected a 10.5-percent year-on-year growth from P12.40 trillion in September 2024. However, this was slower than the 11.2-percent rise seen in August.
Outstanding loans to residents amounted to P13.39 trillion in September, marking a slower 10.87-percent increase compared to August figures, due to slower growth in both business and consumer loans.
Loans meant to fund businesses expanded by 9.1 percent year-on-year, rising from P10.60 trillion to P11.57 trillion in September.
The BSP said this was led by higher lending to key industries including electricity, gas, steam and air-conditioning supply (27.1 percent); transportation and storage (15.4 percent); real estate activities (9.2 percent); wholesale and retail trade, repair of motor vehicles and motorcycles (9.1 percent); financial and insurance activities (8.8 percent); and information and communication (8.6 percent).
Consumer loans, which include credit card, motor vehicle and general-purpose salary loans, also grew by 23.5 percent to P1.82 trillion.
Meanwhile, the total outstanding loans to nonresidents dropped 2.9 percent to P315.21 billion in September, which was a slower decline than the 5.9-percent drop in the previous month.
The BSP said it monitors bank loans as a key transmission channel of monetary policy. The bank said it would ensure that bank lending conditions align with its price and financial stability objectives.
