Philippines: Private sector credit
* indicates monthly or quarterly data series
The most recent value is 12962.73 billion Philippine Peso as of Q2 2025, an increase compared to the previous value of 12600.74 billion Philippine Peso. Historically, the average for the Philippines from Q1 2009 to Q2 2025 is 6192.03 billion Philippine Peso. The minimum of 1836.97 billion Philippine Peso was recorded in Q1 2009, while the maximum of 12962.73 billion Philippine Peso was reached in Q2 2025.
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* indicates monthly or quarterly data series
- Measure: billion Philippine Peso
- Source: Central Bank of the Philippines
| Recent values | Philippines: Private sector credit, billion currency units |
|---|---|
| 2025 Q2 | 12962.73 |
| 2025 Q1 | 12600.74 |
| 2024 Q4 | 12551.07 |
| 2024 Q3 | 11839.43 |
| 2024 Q2 | 11526.48 |
| 2024 Q1 | 11220.41 |
| 2023 Q4 | 11142.73 |
| 2023 Q3 | 10521.5 |
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Definition: Private sector credit refers to the credit extended by commercial banks and other deposit-taking institutions (excluding central banks) to private non-financial firms and households. Included are all credit institutions: domestic and foreign owned as well as private and public ones.
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Inflation | 1.7 | 2025 | percent |
| Exchange rate regimes | 7 | 2023 | index points |
| USD exchange rate | 61.5962 | 7/2026 | Local Currency Units per USD |
| Money supply (broad money) | 20,062.22 | 5/2026 | billion |
| Consumer Price Index (CPI) | 171.5191 | 6/2026 | index points |
| Inflation, monthly | -0.29 | 6/2026 | percent |
| Inflation, annual | 6.36 | 6/2026 | percent |
| Private sector credit | 12,962.73 | Q2/2025 | billion |
| Business credit | 11,177.96 | 6/2026 | billion |
| Household credit | 3,038.98 | Q4/2025 | billion |
| Mortgage credit | 1,105.21 | Q4/2025 | billion |
| Consumer credit | 2,048.33 | 6/2026 | billion |
| Deposit interest rate | 3.71 | 12/2025 | percent |
| Mortgage credit interest rate | 7.98 | 10/2025 | percent |
| Policy rate | 4.75 | 7/2026 | percent |
| Bank deposits, total | 21,008.53 | 4/2025 | billion local currency units |
| Bank deposits, local currency | 17,357.13 | 4/2025 | billion local currency units |
| Bank deposits, foreign currency | 3,651.40 | 4/2025 | billion local currency units |