Bank lending growth eases in April amid softer demand from key sectors

Bank lending growth eases in April amid softer demand from key sectors

Loans from big banks or universal and commercial banks, excluding investments in Bangko Sentral ng Pilipinas’ (BSP) reverse repurchase (RRP), grew slower at 11.2 percent from March’s 11.8-percent expansion.Growth in outstanding loans to residents, excluding RRPs, slowed to 11.9 percent in April, from the 12.4-percent growth recorded in March.The decline in outstanding loans to non-residents moved faster at 10-percent rate, from 5.6 percent in th…