Philippines Bank Lending Rate

1976 - 2023 | Monthly | % pa | CEIC Data

Key information about Philippines Bank Lending Rate

  • Philippines Bank Lending Rate was reported at 7.948 % pa in Dec 2023.
  • This records an increase from the previous number of 7.802 % pa for Nov 2023.
  • Philippines Bank Lending Rate data is updated monthly, averaging 12.000 % pa from Jan 1976 to Dec 2023, with 576 observations.
  • The data reached an all-time high of 39.732 % pa in Dec 1984 and a record low of 5.098 % pa in Feb 2015.
  • Philippines Bank Lending Rate data remains active status in CEIC and is reported by CEIC Data.
  • The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Bank Lending Rate: Monthly.

CEIC extends history for monthly Bank Lending Rate. Bangko Sentral ng Pilipinas provides Bank Lending Rate. Bank Lending Rate is defined as lending rate for Universal and Commercial Banks. Bank Lending Rate prior to January 2020 is defined as lending rate for Commercial Banks only. Bank Lending Rate prior to October 1981 is sourced from the International Monetary Fund.

View Philippines's Bank Lending Rate from Jan 1976 to Dec 2023 in the chart:

Philippines Bank Lending Rate

What was Philippines's Bank Lending Rate in Dec 2023?

Philippines Bank Lending Rate was reported at 7.948 % pa in Dec 2023. See the table below for more data.

Last Previous Min Max Unit Frequency Range
7.948 Dec 2023 7.802 Nov 2023 5.098 Feb 2015 39.732 Dec 1984 % pa monthly Jan 1976 - Dec 2023

Bank Lending Rate by Country Comparison

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Includes Bank Lending Rate on 84 economies standardised by CEIC. Instant access to full history data in excel.
country/region Last Frequency Range
Albania (% pa) 5.980 Jan 2024 monthly Dec 1986 - Jan 2024
Algeria (% pa) 8.000 Feb 2024 monthly Jan 1995 - Feb 2024
Armenia (% pa) 13.165 Feb 2024 monthly Apr 1995 - Feb 2024
Austria (% pa) 5.050 Jan 2024 monthly Dec 1995 - Jan 2024
Azerbaijan (% pa) 14.380 Feb 2024 monthly Dec 2002 - Feb 2024
Bahrain (% pa) 5.010 Mar 2016 monthly Apr 1985 - Mar 2016
Bangladesh (% pa) 7.890 Nov 2023 monthly Jan 1976 - Nov 2023
Belarus (% pa) 9.710 Feb 2024 monthly Jan 2004 - Feb 2024
Belgium (% pa) 5.460 Feb 2024 monthly Jan 2003 - Feb 2024
Bolivia (% pa) 8.200 Mar 2024 monthly Jan 2001 - Mar 2024
Bosnia and Herzegovina (% pa) 4.731 Feb 2024 monthly Jan 2012 - Feb 2024
Botswana (% pa) 6.510 Jan 2024 monthly Jan 2003 - Jan 2024
Brunei (% pa) 5.500 26 Apr 2024 daily 01 Dec 2003 - 26 Apr 2024
Bulgaria (% pa) 4.726 Jan 2024 monthly Jan 1992 - Jan 2024
Canada (% pa) 7.200 Mar 2024 monthly Jan 1935 - Mar 2024
China (% pa) 3.450 19 Apr 2024 daily 20 Aug 2019 - 19 Apr 2024
Colombia (% pa) 17.850 Feb 2024 monthly Jan 1986 - Feb 2024
Cyprus (% pa) 5.368 May 2023 monthly Nov 2007 - May 2023
Czech Republic (% pa) 8.067 Jan 2024 monthly Jan 2004 - Jan 2024
Denmark (% pa) 4.994 Feb 2024 monthly Jan 2003 - Feb 2024
Ecuador (% pa) 10.870 Apr 2024 monthly Jan 2004 - Apr 2024
Egypt (% pa) 20.000 Feb 2024 monthly Jan 1976 - Feb 2024
Estonia (% pa) 6.990 Feb 2024 monthly Jan 1999 - Feb 2024
France (% pa) 4.760 Feb 2024 monthly Jan 2003 - Feb 2024
Georgia (% pa) 13.370 Feb 2024 monthly Jun 2002 - Feb 2024
Germany (% pa) 5.770 Feb 2024 monthly Jan 2003 - Feb 2024
Greece (% pa) 6.040 May 2023 monthly Sep 2002 - May 2023
Hong Kong SAR, China (% pa) 5.875 26 Apr 2024 daily 01 Jan 1981 - 26 Apr 2024
Hungary (% pa) 9.250 Mar 2024 monthly Sep 1988 - Mar 2024
Iceland (% pa) 12.705 Feb 2024 monthly Nov 1982 - Feb 2024
Indonesia (% pa) 8.840 Feb 2024 monthly Apr 1993 - Feb 2024
Israel (% pa) 2.942 Mar 2022 monthly Apr 2013 - Mar 2022
Italy (% pa) 5.483 Jan 2024 monthly Jan 1995 - Jan 2024
Japan (% pa) 1.475 Mar 2024 monthly Jan 1971 - Mar 2024
Jordan (% pa) 8.720 Feb 2024 monthly Jan 1999 - Feb 2024
Kazakhstan (% pa) 17.499 Feb 2024 monthly Jan 2002 - Feb 2024
Kenya (% pa) 14.630 Dec 2023 monthly Jul 1991 - Dec 2023
South Korea (% pa) 4.850 Feb 2024 monthly Jan 1996 - Feb 2024
Kosovo (% pa) 6.347 Jul 2019 monthly Jun 2004 - Jul 2019
Kuwait (% pa) 5.010 Jan 2024 monthly Apr 1979 - Jan 2024
Kyrgyzstan (% pa) 20.581 Feb 2024 monthly Jan 1996 - Feb 2024
Latvia (% pa) 7.030 Dec 2023 monthly Jan 2004 - Dec 2023
Lebanon (% pa) 3.290 Nov 2023 monthly Mar 1972 - Nov 2023
Lithuania (% pa) 6.610 Feb 2024 monthly Jan 2015 - Feb 2024
Luxembourg (% pa) 4.480 Feb 2024 monthly Jan 2003 - Feb 2024
Macau SAR, China (% pa) 6.125 Feb 2024 monthly Sep 2008 - Feb 2024
North Macedonia (% pa) 5.897 Feb 2024 monthly Jan 2005 - Feb 2024
Malawi (% pa) 24.900 Feb 2024 monthly Jan 1980 - Feb 2024
Malaysia (% pa) 5.345 Feb 2024 monthly Jan 1996 - Feb 2024
Malta (% pa) 3.674 Feb 2024 monthly Jan 1999 - Feb 2024
Mauritius (% pa) 7.180 Feb 2024 monthly Dec 1997 - Feb 2024
Mexico (% pa) 11.560 Feb 2024 monthly Sep 1993 - Feb 2024
Moldova (% pa) 9.629 Feb 2024 monthly Jan 2000 - Feb 2024
Mongolia (% pa) 17.004 Feb 2024 monthly Feb 1998 - Feb 2024
Montenegro (% pa) 6.600 Jan 2024 monthly Sep 2005 - Jan 2024
Mozambique (% pa) 22.700 Apr 2024 monthly Aug 1997 - Apr 2024
Myanmar (% pa) 14.500 May 2021 monthly Jan 1994 - May 2021
Nepal (% pa) 11.960 Nov 2023 monthly Nov 2013 - Nov 2023
Nigeria (% pa) 15.060 Feb 2024 monthly Jan 2006 - Feb 2024
Oman (% pa) 5.546 Jan 2024 monthly Dec 1984 - Jan 2024
Palestinian Territory (% pa) 5.624 Jun 2022 monthly Mar 2004 - Jun 2022
Panama (% pa) 4.750 Jun 2018 monthly Dec 1999 - Jun 2018
Paraguay (% pa) 13.180 Feb 2024 monthly Aug 2007 - Feb 2024
Peru (% pa) 15.730 Feb 2024 monthly Aug 1985 - Feb 2024
Philippines (% pa) 7.948 Dec 2023 monthly Jan 1976 - Dec 2023
Poland (% pa) 7.680 Feb 2024 monthly Jan 2005 - Feb 2024
Qatar (% pa) 6.152 Feb 2024 monthly Jul 2004 - Feb 2024
Romania (% pa) 8.860 Feb 2024 monthly Dec 2005 - Feb 2024
Russia (% pa) 16.840 Feb 2024 monthly Jan 1995 - Feb 2024
Serbia (% pa) 8.860 Jan 2024 monthly Sep 2010 - Jan 2024
Singapore (% pa) 5.250 Jun 2021 monthly Jan 1978 - Jun 2021
Slovakia (% pa) 6.355 Feb 2024 monthly Jan 2009 - Feb 2024
South Africa (% pa) 11.750 26 Apr 2024 daily 31 Dec 1948 - 26 Apr 2024
Sri Lanka (% pa) 11.110 Mar 2024 monthly Jun 1989 - Mar 2024
Sweden (% pa) 4.100 26 Apr 2024 daily 01 Jun 1994 - 26 Apr 2024
Taiwan (% pa) 3.136 Mar 2024 monthly Jul 1961 - Mar 2024
Tajikistan (% pa) 20.082 Feb 2024 monthly Jan 2002 - Feb 2024
Thailand (% pa) 7.165 Mar 2024 monthly Jan 1983 - Mar 2024
Ukraine (% pa) 22.884 May 2023 monthly Dec 2005 - May 2023
United States (% pa) 8.500 24 Apr 2024 daily 04 Aug 1955 - 24 Apr 2024
Uruguay (% pa) 16.592 Feb 2024 monthly Jan 1998 - Feb 2024
Uzbekistan (% pa) 24.036 Dec 2023 monthly Jan 2013 - Dec 2023
Venezuela (% pa) 57.460 23 Apr 2024 daily 02 Jan 2004 - 23 Apr 2024
Zambia (% pa) 26.660 Jan 2024 monthly Jan 2006 - Jan 2024

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Philippines Key Series

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Includes 244 key indicators for Philippines, curated by CEIC analysts. Instant access to full history data in excel.
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -6.2 Dec 2023 quarterly Dec 1985 - Dec 2023
Consolidated Fiscal Balance (USD mn) -2,937.257 Feb 2024 monthly Jan 1985 - Feb 2024
Tax Revenue (USD mn) 3,768.936 Feb 2024 monthly Jan 1985 - Feb 2024
Tax Revenue: % of GDP (%) 12.6 Dec 2023 quarterly Mar 1985 - Dec 2023
National Government Debt (USD mn) 270,146.1 Feb 2024 monthly Jan 1993 - Feb 2024
Government Debt: % of GDP (%) 60.1 Dec 2023 quarterly Mar 1993 - Dec 2023
Forecast: Government Expenditure (PHP bn) 9,083.350 2028 yearly 1989 - 2028
Forecast: Government Net Debt (PHP bn) 19,652.200 2028 yearly 1993 - 2028
Forecast: Government Revenue (PHP bn) 8,212.060 2028 yearly 1989 - 2028
Govt Debt: Domestic and Foreign: Outstanding: Short Term (PHP mn) 570,217.000 Feb 2024 monthly Jan 2006 - Feb 2024
Govt Debt: Domestic and Foreign: Outstanding: Long Term (PHP mn) 11,686,039.000 Feb 2024 monthly Jan 2006 - Feb 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 5.556 2028 yearly 1980 - 2028
Trade Balance (USD mn) -3,647.5 Feb 2024 monthly Jan 1957 - Feb 2024
Total Exports (USD mn) 5,905.9 Feb 2024 monthly Jan 1979 - Feb 2024
Total Exports Growth (%) 15.8 Feb 2024 monthly Jan 1980 - Feb 2024
Aluminum: Exports (USD th) 178,900.107 2022 yearly 1995 - 2022
Exports: Medicament (USD th) 61,685.472 2022 yearly 1995 - 2022
Exports: Medicinal and Pharmaceutical Product (USD th) 11,340.083 2022 yearly 1995 - 2022
Total Imports (USD mn) 9,553.4 Feb 2024 monthly Jan 1979 - Feb 2024
Total Imports Growth (%) 6.3 Feb 2024 monthly Jan 1980 - Feb 2024
Imports: Medicament (USD th) 1,570,518.510 2022 yearly 1995 - 2022
Imports: Medicinal and Pharmaceutical Product (USD th) 1,269,332.939 2022 yearly 1995 - 2022
Total Exports to USA (USD mn) 947.828 Feb 2024 monthly Jan 1978 - Feb 2024
Total Imports from USA (USD mn) 550.165 Feb 2024 monthly Jan 1986 - Feb 2024
Total Exports to China (USD mn) 695.255 Feb 2024 monthly Jan 1984 - Feb 2024
Total Imports from China (USD mn) 2,179.424 Feb 2024 monthly Jan 1986 - Feb 2024
Imports: Metalliferous Ores and Metal Scrap (USD mn) 83.443 Dec 2018 monthly Jan 2006 - Dec 2018
Imports: Iron and Steel (USD mn) 382.669 Dec 2018 monthly Jan 2006 - Dec 2018
Imports: Medicinal and Pharmaceutical Products (USD mn) 108.103 Dec 2018 monthly Jan 2006 - Dec 2018
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 638.5 Dec 2023 monthly Jan 2005 - Dec 2023
Current Account Balance (USD mn) 106.8 Dec 2023 monthly Jan 1999 - Dec 2023
Current Account Balance: % of GDP (%) -4.3 Mar 2023 quarterly Mar 1981 - Mar 2023
Foreign Direct Investment (USD mn) 826.1 Dec 2023 monthly Jan 2005 - Dec 2023
Foreign Direct Investment: % of GDP (%) 2.0 Dec 2023 quarterly Mar 2005 - Dec 2023
Foreign Portfolio Investment (USD mn) 1,838.131 Dec 2023 quarterly Mar 2005 - Dec 2023
Foreign Portfolio Investment: % of GDP (%) 1.5 Dec 2023 quarterly Dec 1980 - Dec 2023
Foreign Portfolio Investment: Equity Securities (USD mn) -173.2 Dec 2023 quarterly Mar 1996 - Dec 2023
Foreign Portfolio Investment: Debt Securities (USD mn) 2,011.353 Dec 2023 quarterly Mar 1977 - Dec 2023
External Debt (USD mn) 125,393.7 Dec 2023 quarterly Mar 2005 - Dec 2023
External Debt: % of GDP (%) 28.7 2023 yearly 1990 - 2023
External Debt: Short Term (USD mn) 17,352.9 Mar 2023 quarterly Mar 2005 - Mar 2023
External Debt: Short Term: % of GDP (%) 3.9 2023 yearly 2005 - 2023
Forecast: Current Account Balance (USD bn) -7.439 2028 yearly 1980 - 2028
Net International Investment Position (USD mn) -51,316.516 Dec 2023 quarterly Dec 2012 - Dec 2023
BoP: Change in Reserve Assets: Debit (USD mn) -178.717 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: FA: DI: Net Acquisition of Financial Assets (USD mn) 638.532 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: Financial Account (FA) (USD mn) -1,361.024 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: CA: Secondary Income (USD mn) 3,035.667 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: CA: Goods (USD mn) -4,879.015 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: CA: Primary Income (USD mn) 480.791 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: FA: OI: Net Incurrence of Liabilities (USD mn) 254.854 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: FA: PI: Net Acquisition of Financial Assets (USD mn) 255.818 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: CA: Credit: Receipts (USD mn) 7.303 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: CA: Services: Debit: Import (USD mn) 2,914.523 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: FA: FD: Net Acquisition of Financial Assets (USD mn) -55.498 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: CA: Export (USD mn) 13,461.621 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: FA: Net Incurrence of Liabilities (USD mn) 2,128.759 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: CA: Secondary Income: Debit: Payments (USD mn) 117.845 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: CA: Services: Credit: Export (USD mn) 4,383.898 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: CA: Goods: Credit: Export (USD mn) 4,419.540 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: FA: PI: Net Incurrence of Liabilities (USD mn) 1,096.486 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: Capital Account (CA) (USD mn) 6.253 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: Current Account (CA) (USD mn) 106.819 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: FA: OI: Net Acquisition of Financial Assets (USD mn) -71.118 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: FA: Net Acquisition of Financial Assets (USD mn) 767.734 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: FA: Other Investments (OI) (USD mn) -325.972 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: FA: DI: Net Incurrence of Liabilities (USD mn) 826.060 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: CA: Primary Income: Credit: Receipts (USD mn) 1,504.671 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: CA: Services (USD mn) 1,469.375 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: CA: Primary Income: Debit: Payments (USD mn) 1,023.880 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: FA: FD: Net Incurrence of Liabilities (USD mn) -48.641 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: FA: Portfolio Investment (PI) (USD mn) -840.667 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: CA: Debit: Payments (USD mn) 1.050 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: CA: Secondary Income: Credit: Receipts (USD mn) 3,153.513 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: CA: Import (USD mn) 13,354.803 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: FA: Direct Investment (DI) (USD mn) -187.528 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: FA: Financial Derivatives (FD) (USD mn) -6.857 Dec 2023 monthly Jan 2005 - Dec 2023
BoP: CA: Goods: Debit: Import (USD mn) 9,298.554 Dec 2023 monthly Jan 2005 - Dec 2023
External Debt: By Country Profile: Country: Japan (USD mn) 15,554.305 Dec 2023 quarterly Mar 2005 - Dec 2023
External Debt: Medium and Long Term (USD mn) 108,297.906 Dec 2023 quarterly Mar 2005 - Dec 2023
External Debt: By Country Profile: Country: France (USD mn) 1,242.515 Dec 2023 quarterly Mar 2005 - Dec 2023
External Debt: By Country Profile: Country: USA (USD mn) 2,474.724 Dec 2023 quarterly Mar 2005 - Dec 2023
External Debt: By Country Profile: Country: UK (USD mn) 4,179.968 Dec 2023 quarterly Mar 2005 - Dec 2023
External Debt: By Country Profile: Country: Germany (USD mn) 1,450.711 Dec 2023 quarterly Mar 2005 - Dec 2023
FDI: Approved: Administrative & Support Services (PHP mn) 5,704.132 Dec 2023 quarterly Mar 2010 - Dec 2023
FDI: Approved: Real Estate Activities (PHP mn) 3,011.207 Dec 2023 quarterly Mar 2010 - Dec 2023
FDI: Approved: Manufacturing (PHP mn) 48,958.266 Dec 2023 quarterly Mar 2010 - Dec 2023
FDI: Approved: Transportation & Storage (PHP mn) 212.208 Dec 2023 quarterly Mar 2010 - Dec 2023
FDI: Approved: Information & Communication (PHP mn) 264.464 Dec 2023 quarterly Mar 2010 - Dec 2023
Business Closure (BC): All Industries (Unit) 3,294.000 2017 yearly 1995 - 2017
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 3.4 Feb 2024 monthly Mar 2008 - Feb 2024
Household Debt: % of GDP (%) 10.8 Dec 2023 quarterly Mar 2009 - Dec 2023
Non-Performing Loans (USD mn) 8,081.430 Dec 2023 quarterly Mar 2008 - Dec 2023
Money Supply M1 (USD mn) 118,977.230 Jan 2024 monthly Dec 1988 - Jan 2024
Money Supply M2 (USD mn) 293,306.704 Jan 2024 monthly Dec 1988 - Jan 2024
M2 Growth (%) 6.5 Jan 2024 monthly Dec 1989 - Jan 2024
Reserve Requirement Ratio (%) 9.5 Mar 2024 monthly May 1986 - Mar 2024
Foreign Exchange Reserves (USD mn) 89,027.1 Mar 2024 monthly Jan 1960 - Mar 2024
Foreign Exchange Reserves: Months of Import (NA) 9.1 Feb 2024 monthly Jan 1979 - Feb 2024
Gold Reserves (USD mn) 10,531.497 Mar 2024 monthly Dec 1956 - Mar 2024
Total Deposits (USD mn) 342,517.305 Dec 2023 quarterly Mar 2008 - Dec 2023
Total Deposits Growth (%) 7.1 Dec 2023 quarterly Mar 2009 - Dec 2023
Domestic Credit (USD mn) 324,291.8 Jan 2024 monthly Dec 2001 - Jan 2024
Domestic Credit Growth (%) 9.8 Jan 2024 monthly Dec 2002 - Jan 2024
Household Debt (USD mn) 47,047.3 Dec 2023 quarterly Mar 2009 - Dec 2023
Total Loans (USD mn) 225,277.466 Feb 2024 monthly Mar 2008 - Feb 2024
Total Loans Growth (%) 9.22 Feb 2024 monthly Mar 2009 - Feb 2024
Private Debt: % of Nominal GDP (%) 48.22 Dec 2023 quarterly Dec 2001 - Dec 2023
DCS: LA: M4: M3 (PHP mn) 16,914,355.390 Feb 2024 monthly Dec 2001 - Feb 2024
DCS: LA: M4: M3: M2: M1 (PHP mn) 6,647,338.067 Feb 2024 monthly Dec 2001 - Feb 2024
DCS: LA: M4: M3: M2 (PHP mn) 16,473,993.214 Feb 2024 monthly Dec 2001 - Feb 2024
DCS: Domestic Claims (DC) (PHP mn) 18,335,039.299 Feb 2024 monthly Dec 2001 - Feb 2024
ORA: Other Reserve Assets (USD mn) 1,552.07 Jun 2018 monthly Apr 2000 - Jun 2018
Reserve Requirement Ratio: Commercial Banks: Local Currency Deposits (%) 9.500 Mar 2024 monthly May 1986 - Mar 2024
CL: PBS: Real Estate: Residential (PHP bn) 1,003.466 Dec 2023 quarterly Mar 2009 - Dec 2023
Business and Economic Survey Last Frequency Range
Global Competitiveness Index (Score) 61.869 2019 yearly 2017 - 2019
Business Confidence Growth (% Point) 4.3 Mar 2024 quarterly Jun 2002 - Mar 2024
Business Outlook: Index: Industry: Current Quarter (Point) 26.426 Mar 2024 quarterly Jun 2001 - Mar 2024
Business Outlook: Index: Services: Current Quarter (Point) 36.460 Mar 2024 quarterly Jun 2001 - Mar 2024
PH: Ease of Doing Business Rank: 1=Most Business-friendly Regulations (NA) 95.000 2019 yearly 2019 - 2019

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