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August 2022 data show that outstanding loans of the Philippine Banking System (PBS), net of reverse repurchase (RRP) placements with the Bangko Sentral ng Pilipinas (BSP), increased by 9.5% year-on-year compared with 9.2% of the previous month. Bank lending has gained traction as the country continues to recover from the effects of the pandemic, supporting further the expansion in economic activity.


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