BofA: PH credit growth outlook improving

PTVPhilippines

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00:00Good news, the Bank of America or BOFA Global Research reported the Philippines is seen

00:05to have the most optimistic outlook for credit growth among Southeast Asian countries.

00:11According to BOFA, the country is the only ASEAN nation with an improving credit growth

00:17trend, reaching a recovery rate of 9 to 10 percent, showing slight improvement from current

00:23levels.

00:24This was driven by a rise in import growth and the net sales index, but partially offset

00:31by lower auto sales.

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