Ent Up By 9 8 Percent To Php10 7 Trillion At End April 2022 These Loans Were Extended Productive Sectors Like Real Estate 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 Diokno , Bangko Sentral , Financial Institutions Strategic Transfer Act , Manila Universal And Commercial Banksu Kbs In The Philippines Sustained Their Growth Continued To Support Country 39s Financing Requirements , Ccording To The Bangko Sentral Ng Pilipinas Bsp Quot Keyu Kb Performance Indicators Showeda Steady Rise In Assets , Land Deposits , Nd Sustained Profitability With Ample Credit Loss Reserves , Ufficient Liquidity And Capital Buffers , Uot Bsp Governor Benjamin Diokno Said Ina Statementu Kb Assets Grew By 8 2 Percent Year On Yoy To Php19 4 Trillion At End April 2022 , Igher Than The 4 Percent Growth Posteda Year Ago Was Financed Mainly By Deposits , Hich Rose By 8 7 Percent During The Same Period Total Loan Portfolio , Hich Largely Comprisedu Kbs 39 Assets , Ent Up By 9 8 Percent To Php10 7 Trillion At End April 2022 These Loans Were Extended Productive Sectors Like Real Estate , Wholesale And Retail Trade , Nd Manufacturingu Kb Credit To Micro , Mall And Medium Enterprises Stood At Php334 8 Billion , Hile Lending To Households , Ncluding Residential Real Estate , Eached Php1 7 Trillion Alongside Improving Economic Conditions And Credit Activity , U Kb Loan Quality Showed Signs Of Recovery As Their Non Performing Npl Ratio Eased To 3 6 Percent At End April 2022 From 9 Percenta Year Earlier Theu Industry 39s Coverage , N The Other Hand , 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 , A Reversal From The 4 Percent Contraction In Same Period 2021u Kbs Also Continued To Be Well Capitalized With Risk Based Capital Adequacy Ratios Of 16 2 And 8 On Solo Consolidated Bases , S Of End March 2022 The Industry Also Registereda Liquidity Coverage Ratio 200 3 Percent Ona Solo Basis At February , Ell Above The 100 Percent Minimum Requirement This Indicatesa Strong Liquidity Position To Support Short Term Funding Requirements Amid Economic Recovery And Positive Business Consumer Sentiment , He Bsp Remains Committed To Pursuing Regulatory And Legislative Reforms Aimed At Ensuringa Safe ,