MANILA, Philippines – Total residential real estate and auto loans continued to post double-digit growth rates in the first nine months of the year despite a slower economic growth brought about by the global economic crisis.
Data released by the Bangko Sentral ng Pilipinas (BSP) showed that the total real estate loans of universal, commercial, and thrift banks grew by 13.1 percent to P162.5 billion as of end-September this year from year-ago’s P143.7 billion.
Thrift banks cornered more than half of the total real estate loans with a share of 56.1 percent or P91.2 billion from January to September this year while universal and commercial banks accounted for the remaining 43.9 percent or P71.3 billion.
The total residential real estate loans accounted for 6.51 percent of the banking systems total loan portfolio of P2.496 trillion in the first nine months of the year, slightly higher than the 6.08 percent share of the system’s P2.362 trillion in the same period last year.
Likewise, the industry’s auto loans jumped by 17.4 percent to P90.6 billion from January to September compared with P77.2 billion in the same period last year due to the steady rise in vehicle sales.
Thrift banks including the subsidiaries and affiliates of universal and commercial banks cornered more than half of the auto loan business with a share of 52 percent while universal and commercial banks accounted for 47.8 percent followed by non-bank financial institutions with a share of 0.2 percent. –Lawrence Agcaoili (The Philippine Star)
September 18 –
International Equal Pay Day
“Increase wages now,
more than other cost items.
For widespread, practical equality!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the recommendations of the 2021 ILO Commission of Inquiry
against serious violations of protocols of
Forced Labour and Freedom of Association.
Accept the National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands
#Report Corruption #SearchPosts #TakePicturesVideos
September –
5 Sept – Intl Day of Charity
7 Sept – Intl Day of Clean Air for Blue Skies
8 Sept – International Literacy Day
12 Sept – United Nations Day for South-South Cooperation
15 Sept – International Day of Democracy
16 Sept – International Day for the Preservation of the Ozone Layer
17 Sept – World Patient Safety Day
18 Sept – International Equal Pay Day
21 Sept – International Day of Peace
26 Sept – International Day for the Total Elimination of Nuclear Weapons
27 Sept – World Tourism Day
28 Sept – International Day for Universal Access to Information
29 Sept – International Day of Awareness of Food Loss and Waste
30 Sept – World Maritime Day
Monthly Observances:
Health, Safety and Sanitation Month
National Clean-up Month
Civil Service Month
National Peace Consciousness Month
Social Security Month
Rule of Law Month
National Teachers’ Month (Sept 5-Oct 4)
Weekly Observances:
Sept 17 – 23:
World Clean and Green Week
Week 2: Education Week
Week 4: Medicine Week
Last Week: National Family Week
Daily Observances:
Third Saturday:
International Coastal Clean-up Day
Third Monday: World Health Day
Last Friday: National Maritime Day
Sept 8: National Literacy Day
Sept 15: Philippine Medicine Day
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