Monetary policy measures were also adopted to support domestic liquidity and extend cheaper financing to borrowers, including MSMEs. Following these time-bound, strong and swift measures, a crucial question is how Philippine banks are holding up through the pandemic. Based on our recent assessment, our key findings suggest that: a. Core funding remains relatively strong following COVID-19 outbreak; b.
Bank lending slightly rises; c.  Loan quality slightly weakens as borrowers experience cash flow interruptions and sustain 2/7  BIS central bankers' speeches  losses due to the pandemic; We don’t see this trend to extend in the long-run, however.