The ratio of overall non-performing real estate loans to total real estate loans remained at single digit level, indicating that banks have remained prudent in their assessment of real estate loans. The BSP foresees that lending to the sector will remain a priority area for banks for the years ahead.
The results of the BSP’s first semester 2021 Banking Outlook Survey, which represent the sentiments of presidents and chief executive officers of banks, show that lending for real estate activities will be among the primary services of corporate and retail segments of banks for the next two years.