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Real Estate Briefing - Categorized | Finance, Performance more

Philippines: Property sector loans hit P518bln

Posted on 26 March 2012

Local banks have lent a total of P518.6 billion to the property sector in 2011 of which real estate loans accounted for the bulk of 97.5 percent, the Bangko Sentral ng Pilipinas (BSP) reported.
Based on the BSP data, the banking sector’s exposure to the property market was 6.8 percent higher than the 2010 figure. The banks’ property sector exposure refers to real estate loans and property-related securities, while real estate loans refer to borrowings for housing and commercial developments………………………………………..Full Article: Source


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