
News
Businesses are borrowing more as bank lending grows 11%
Philippine bank lending grew 11.0% in August, with stronger business borrowing offsetting slower growth in credit card and motor vehicle loans.
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Philippine bank lending grew 11.0% in August, with stronger business borrowing offsetting slower growth in credit card and motor vehicle loans.
1 min read
Small businesses can access government-backed loans ranging from ₱30,000 to ₱20 million, with select programs offering no collateral and deferred payments.
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