Value loans for production from rural/cooperative banks Philippines 2023, by activity

Published by C. Balita, Aug 22, 2023
The value of outstanding loans for wholesale and retail trade, repair of motor vehicles and motorcycles issued by rural and commercial banks in the Philippines amounted to approximately 30.92 billion Philippine pesos as of March 2023. At the same time, loans for agriculture, forestry, and fishing amounted to about 30 billion Philippine pesos.

Value of outstanding loans for production granted by rural and cooperative banks in the Philippines as of March 2023, by economic activity (in billion Philippine pesos)

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Release date

June 2023

Region

Philippines

Survey time period

as of March 2023

Special properties

net value of amortization

Supplementary notes

Rural and cooperative banks operate for the rural economy in the Philippines, so its primary objective is to provide adequate credit facilities to farmers and merchants, or to cooperatives of such farmers and merchants and in general, the people of the rural communities.

One Philippines peso is equal to 0.018 U.S. dollars and 0.017 euros as of August 2023.
Figures have been rounded.

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