Philippine bank lending rose 10.3% on business, consumer loans

Outstanding loans to consumers grew at a slower rate, however.

Philippine bank lending rose 10.3% year-on-year in November on higher business loans and consumer loans.

Loans meant to fund business activities rose 9% during the month, according to data from the Bangko Sentral ng Pilipinas (BSP) published on 13 January 2026.

Lending to real estate activities rose 9%, whilst those for electricity, gas, steam, and air conditioning supply rose by 26.6%.

Wholesale and retail trade loans, and loans for the repair of motor vehicles and motorcycles, logged an 11.6% increase during the month. Loans for financial and insurance activities rose by 3.5%.

Consumer loans to residents— including credit card, motor vehicle, and general-purpose salary loans— grew by 22.9%, slowing from the 23.1% increase a month earlier.

Outstanding loans to residents grew at a slower rate of 10.7% in November from 10.9% in October.

Outstanding loans to non-residents decreased by 4.5%, narrower than the 11.1% contraction in October.