As of end- January 2019, total resources of thrift banks (TBs) rose to P 1.2 trillion, a 7.0 percent increase compared to its level a year ago. Bank lending meanwhile continued to expand and was channeled mostly to production sectors. Both consumer loans (CLs) and real estate loans continued to grow.
As of end-December 2018, the level of CLs of TBs expanded to P 561.9 billion, higher by 6.0 percent relative to the level a year ago at P530.1 billion. Meanwhile, loans for real estate activities increased by 8.0 percent to P291.4 billion relative to last year.