The Philippine Banking system sustains its growth momentum and remains supportive of longterm economic growth and stable financial conditions. These economic gains are fruits of years of reforms and prudent, evidence-based policy making, where, yes, statistics and statistical analysis played an indispensable part. But amidst these positive numbers, statistics also tell another story. It reveals an issue that we must not ignore.
Conversely, they account for 40% of total domestic lending; in the case of savings banks and credit cooperatives, this share is as high as around one half. Residential property prices are rising at an accelerated pace in urban areas. The observed set usually comprises a group of seven large cities: Berlin, Cologne, Düsseldorf, Frankfurt am Main, Hamburg, Munich and Stuttgart.