Philippine bank lending growth remained steady in November 2025 as business and consumer loans expanded, according to preliminary data released Tuesday by the Bangko Sentral ng Pilipinas.
Outstanding loans from universal and commercial banks grew 10.3 percent year over year to P13.99 trillion in November, maintaining the slowest pace of credit growth since October.
Loans extended to residents grew 10.7 percent to P13.68 trillion in November, a slight deceleration from 10.9 percent the previous month. Meanwhile, lending to nonresidents grew 4.5 percent to P307.25 billion, following an 11.1 percent contraction in October.
Loans for businesses rose 9 percent to P11.79 trillion, though this was slower than the 9.1 percent growth recorded a month earlier.
“Lending increased for the following key industries: real estate activities (9 percent); electricity, gas, steam, and air-conditioning supply (26.6 percent); wholesale and retail trade, repair of motor vehicles and motorcycles (11.6 percent); financial and insurance activities (3.5 percent); information and communication (7.0 percent); and transportation and storage (12.7 percent),” the BSP said.
Consumer loans, which include credit card, motor vehicle and salary loans, grew 22.9 percent to P1.89 trillion in November, down from 23.1 percent the prior month.
The central bank said it continues to monitor bank loans as they are a key transmission channel of monetary policy.
