I hope I’m wrong buy is this another sign pointing to a real estate crisis Philippine style? I really hope I’m wrong.<\/p>\n
RP banks increase lending to property developers
\n09\/10\/2009 | 11:00 AM
\nThe Philippine banking system increased its exposure to the real estate sector by 23 percent year-on-year during the second quarter as more lending was extended to property developers, the Bangko Sentral ng Pilipinas (BSP) said.
\nData from the BSP showed thrift banks, universal and commercial banks\u2019 exposure reached P377.81 billion from P306.32 billion. It went up 2.77 percent quarter-on-quarter from P 367.61 billion.
\n\u201cAdditional exposure for the quarter came solely from real estate loans, which rose by P11.1 billion to P368.9 billion. This more than offset the decline in investments in securities issued by real estate companies by P0.9 billion to P8.9 billion,” the central bank said.
\nvia RP banks increase lending to property developers – Business – GMANews.TV – Official Website of GMA News and Public Affairs – Latest Philippine News<\/a>.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"I hope I’m wrong buy is this another sign pointing to a real estate crisis Philippine style? I really hope I’m wrong. RP banks increase lending to property developers 09\/10\/2009 | 11:00 AM The Philippine banking system increased its exposure to the real estate sector by 23 percent year-on-year during the second quarter as more … <\/p>\n