Saturday 23 February
Feb 2, 2018 @ 14:57

Banks expect bigger consumer, corporate loans for 2018

 

Expansion plans and spending goals mean bigger loan applications.

Banks surveyed by the Bangko Sentral ng Pilipinas (BSP) said they expect stronger loan demand for the first quarter of 2018. Both corporate and retail clients are likely to borrow more this year as they sustain their expansion activities.

“Respondent banks cited expectations of higher investment in plant or equipment and increased working capital needs of clients, and improvement in the economic outlook of borrower firms as the key factors behind the expected increase in demand for business loans,” the BSP said in their latest report.

On the other hand, a more buoyant demand for household loans is also expected as individual borrowers are likely to avail of “more attractive” financing terms and low interest rates, coupled with stronger household spending.

Please follow and like us:

Tags: , , , ,

Related Stories
Tycoon Andrew Tan-led Megaworld Corp. is shelling out P65 billion this year to expand its
Singapore's CapitaLand said Monday it has agreed to buy two real estate holding firms in
This bank's retail push has made great strides this year.
Thai businessman Chatchaval Jiaravanon agreed Friday to buy Fortune magazine for $150 million in the


 

Trending News

Recommended on sister sites

Copyright © 2019 Bilyonaryo - Latest news on the richest Filipinos and Family Business.