Series: IMF Working Papers
Author(s): Tatum Blaise Pua Tan
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 May 2012
Keywords: credit growth, net interest margins, banking, financial system, bank size, banking system, stock market, Economywide Country Studies: Asia including Middle East,
Despite robust deposit growth, credit growth has been sluggish in the Philippines. We attribute this to legacy weaknesses in bank balance sheets, consumption-led economic growth, and relatively high net interest ma...