Consumer loans up 12% to P447B in 9 months - BSP

Consumer loans grew 11.82 percent to P447.44 billion in the Philippines during the first nine months of 2010, from P400.13 billion a year earlier, the Bangko Sentral ng Pilipinas (BSP) reported Monday. The banking industry's total loan portfolio widened 10.25 percent to P2.752 trillion from P2.496 trillion in the same comparable period, with consumer loans accounting for 16. 25 percent from 16 percent, according to the BSP. — VS, GMANews.TV