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.
1 Good information is essential to achieving well-functioning markets. Consumers, equipped with the right information at the right time, can make the choices most appropriate to their individual circumstances and desires. For consumers to make the most meaningful use of the relevant information, such information should be accessible and understandable.