Defining the News
Philippine banks are becoming bigger, fueled by higher demand for loans and deposits, as the economy sustains its growth towards upper-middle-income-country status.
Bank resources grew 12.3 percent to P27.01 trillion from P24.05 trillion a year earlier, with universal and commercial banks accounting for P25.32 trillion of the total. Money supply or domestic liquidity also expanded 6.6 percent year-on-year to about P17.5 trillion as of end-June 2024.
Indonesia Berita Terbaru, Indonesia Berita utama
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