It is crucial, therefore, that bankers should be ready to take on these new challenges and opportunities. For instance, it is important to note that while other countries struggle with tight credit, our banking sector remains liquid and able to sustain lending at double-digit growth rates.
As of May 2009, outstanding loans of commercial banks, including reverse repurchase agreements, reached P2.1 trillion, over 10% higher than the year-ago level. This is a positive trend that indicates continuing support from the banking sector for productive activities that sustain economic growth.