Philippine banks’ loans up 11.8% in July

This extends the growth in June, albeit at a slower pace, official data showed.

Outstanding loans from universal and commercial banks rose 11.8% year-on-year in July 2025, according to data from the Bangko Sentral ng Pilipinas (BSP).

This is slightly slower, but does extend the growth recorded in June, when loan growth hit 12.1%, the central bank said.

Outstanding loans to residents rose 12.4% in July from a 12.6% growth in June.

Consumer loans to residents— which include credit card, motor vehicle, and general-purpose salary loans— expanded by 23.6% in July, slowing from the 24% in June.

Outstanding loans to non-residents declined by 8.1% in July, a deeper decrease from the 6.4% decline in the previous month.

Business activities’ loans expanded by 10.8%, slowing from the 11.1% growth the previous month.

Lending for real estate activities climbed 10.7%, whilst loans related to electricity, gas, steam, and air-conditioning supply jumped 30.3%.

Loans meant for wholesale and trade, as well as repair of motor vehicles and motorcycles, rose by 8.5%.

Loans for financial and insurance activities rose by 13.1% in July; and for information and communication, by 8.5%.