Bank lending 'steady' according to Central Bank of the Philippines

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The Central Bank of the Philippines on March 9 revealed encouraging bank lending statistics for January. The central bank said lending had grown at a "broadly steady pace" over the course of the month.

The outstanding loans of commercial banks, net of reverse repurchase placements with the central bank, increased by 19.1%, the central bank said.

"Likewise, the growth in bank lending inclusive of reverse repurchase placements was stable at 16.6%, up from 16.4% in December. Commercial banks' loans

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