Philippine bank lending rises on higher credit card, motor loan demand

Lending to key industries such as real estate and retail trade also rose.

Philippine banks’ lending rose by 12.8% year-on-year (YoY) in January 2025, according to central bank data.

Outstanding loans to residents grew 13.3% YoY, faster than the 12.4% YoY growth recorded in December 2024.

Loans for production activities rose by 11.8% YoY in January on sustained increase in lending to key industries, according to the Bangko Sentral ng Pilipinas (BSP).

Lending to real estate (9.8%); electricity, gas, steam and air-conditioning supply (23.6%); wholesale and retail trade, repair of motor vehicles and motorcycles (13.9%); transportation and storage (21.4%); and manufacturing (4.6%) all rose.

Consumer loans to residents expanded by 24.4% YoY in January, slightly slower than the 25% YoY increase recorded in December 2024. Growth was driven by the increase in credit card and motor vehicle loans, the BSP said.

Also Read

Hong Kong’s uFinance offers student loans to college students

MAS bans credit use for cryptocurrency purchases

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit