Around 24.6 percentage or P279.46 billion of the overall actual estate loans (REL) consisted of residential loans, and seventy five.Four percentage or P858.59 billion were accounted for by using commercial loans.
Credit growth has tended on its personal to serve as a terrible indicator of a monetary crisis, because it takes no account of the ability of the country to carrier its debts.
“Rapid credit increase in a quick-growing usa like the Philippines is less of a challenge than in a rustic like, as an instance, Japan where nominal GDP [gross domestic product] is slightly growing,” it added.
The ratio of trendy authorities debt to the u . S .’s gross home product (GDP) dropped slightly inside the first semester of 2016 because the Philippine economy grew faster than the growth in its obligations, the Department of Finance (DOF) said on Sunday.
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