MANILA, Philippines (Xinhua) (Nov. 4, 2011) - The Philippine financial system was in good shape in the first half of this year as evidenced by steady lending growth, expanding assets, stable funding base and abundant liquidity, the central bank reported today.
"The seeds of earlier reforms nurtured by the currently improving macroeconomic environment and global investor sentiment to the Philippine sovereign continue to bear fruit as the Philippine financial system sustained its growth spurt for the first semester of 2011 amidst global economic slowdown," Central Bank Governor Amando M. Tetangco Jr. said in a statement...
