The Bangko Sentral ng Pilipinas is therefore pleased that it is a host partner in this Financial Education Summit. For your information, the BSP was also co-host in the last two days of the Asia and the Pacific Regional Meeting on Child and Youth Finance organized by the Child and Youth Finance, International.
The main source of financing of banking sector activity remains deposits, the value of which during this period amounted to EUR 3.2 billion, which represents an annual growth of 6.9%. Interest rates on loans continued to decline which decreased to 6.6% from 6.8% in the same period last year, indicating the continued ease of access to bank financing.