Ncreased To 95 2 Percent In April This Year From 87 7 During The Same Month 2021 Full Implementation Of Financial Institutions Strategic Transfer Act And Extension Effectivity Some Bsp 39s Credit Related Relief Measures Are Seen Provide Support Continued Growth Inu Kb Lending Industry Net Profit Rose By 26 Reach Php61 4 Billion At End March News Today : Breaking News, Live Updates & Top Stories | Vimarsana

MANILA - Universal and commercial banks (U/KBs) in the Philippines sustained their growth and continued to support the country's financing requirements, according to the Bangko Sentral ng Pilipinas (BSP). "Key U/KB performance indicators showed a steady rise in assets, loans, and deposits, and sustained profitability with ample credit loss reserves, sufficient liquidity and capital buffers," BSP Governor Benjamin Diokno said in a statement. U/KB assets grew by 8.2 percent year-on-year (YoY) to PHP19.4 trillion at end-April 2022, higher than the 4-percent growth posted a year ago. The growth was financed mainly by deposits, which rose by 8.7 percent during the same period. The total loan portfolio, which largely comprised U/KBs' assets, went up by 9.8 percent to PHP10.7 trillion at end-April 2022. These loans were extended to productive sectors like real estate, wholesale and retail trade, and manufacturing. U/KB credit to micro, small and medium enterprises stood at P

Benjamin dioknoBangko sentralFinancial institutions strategic transfer actManila universal and commercial banksu kbs in the philippines sustained their growth continued to support country 39s financing requirementsCcording to the bangko sentral ng pilipinas bsp quot keyu kb performance indicators showeda steady rise in assetsLand depositsNd sustained profitability with ample credit loss reservesUfficient liquidity and capital buffersUot bsp governor benjamin diokno said ina statementu kb assets grew by 8 2 percent year on yoy to php19 4 trillion at end april 2022Igher than the 4 percent growth posteda year ago was financed mainly by depositsHich rose by 8 7 percent during the same period total loan portfolioHich largely comprisedu kbs 39 assetsEnt up by 9 8 percent to php10 7 trillion at end april 2022 these loans were extended productive sectors like real estateWholesale and retail tradeNd manufacturingu kb credit to microMall and medium enterprises stood at php334 8 billion