The benchmark interest rate in Philippines was last recorded at 5.25 percent. This dataset provides the latest reported value for - Philippines Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Key information about Philippines Bank Lending Rate

• Philippines Bank Lending Rate was reported at 8.036 % pa in Dec 2024.
• This records an increase from the previous number of 7.473 % pa for Nov 2024.
• Philippines Bank Lending Rate data is updated monthly, averaging 11.580 % pa from Jan 1976 to Dec 2024, with 588 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.

Bank Lending Rate in Philippines increased to 7.80 percent in October from 7.66 percent in September of 2023. This dataset provides - Philippines Bank Lending Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about Philippines Long Term Interest Rate

• Philippines Long Term Interest Rate: Month End: Philippines: Treasury Bond Rate: 10 Years was reported at 6.12 % pa in Feb 2025, compared with 6.25 % pa in the previous month.
• Philippines Long Term Interest Rate data is updated monthly, available from Sep 1996 to Feb 2025.
• The data reached an all-time high of 21.07 % pa in Nov 1997 and a record low of 2.72 % pa in Jan 2021.
• Long Term Interest Rate is reported by reported by CEIC Data.

The Bureau of the Treasury provides 10 year Treasury Bond Rate. The null values for this series mean that there is no auction on that specific month.


Related information about Philippines Long Term Interest Rate

• In the latest reports, Philippines Short Term Interest Rate: Month End: Treasury Bill Rate: 91 Days was reported at 5.38 % pa in Jan 2025.
• The cash rate (Policy Rate: Month End: Overnight Lending Facility) was set at 7.00 % pa in May 2024.
• Philippines Exchange Rate against USD averaged 55.89 (USD/PHP) in Jun 2023.

Residential real estate loans from banks in the Philippines amounted to approximately *** trillion Philippine pesos in 2024, indicating an increase from the previous year. The value of residential real estate loans in the country gradually increased since 2013.

Key information about Philippines Total Loans

• Philippines Total Loans was reported at 243.636 USD bn in Jan 2025
• This records a decrease from the previous number of 247.211 USD bn for Dec 2024
• Philippines Total Loans data is updated monthly, averaging 133.924 USD bn from Mar 2008 to Jan 2025, with 203 observations
• The data reached an all-time high of 247.211 USD bn in Dec 2024 and a record low of 46.738 USD bn in May 2008
• Philippines Total Loans 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: Total Loans: USD: Monthly

CEIC converts monthly Total Loans into USD. Bangko Sentral ng Pilipinas provides Total Loans in local currency. Bangko Sentral ng Pilipinas period end market exchange rate is used for currency conversions. Total Loans cover lenders as Philippine Banking System.

Market Size for Philippines Auto Finance Industry on the Basis of Loan Disbursement in USD Billion, 2018-2023 In 2023,Toyota Financial Services introduced a digital auto loan application platform, enhancing convenience and accessibility for customers. This initiative reflects the growing trend towards digital transformation in the Philippines' financial sector. Metro Manila and Cebu remain key markets due to their high vehicle ownership rates and economic activity. ThePhilippines auto finance marketreached a valuation ofPHP 650 billionin2023, driven by increasing vehicle demand, rising disposable income, and the expansion of digital lending solutions. The market is characterized by major players such asBDO Unibank, Metrobank, Bank of the Philippine Islands (BPI), Security Bank, and Toyota Financial Services.These institutions have established extensive loan distribution networks, competitive interest rate offerings, and customer-centric financing solutions.

As of December 2024, the value of outstanding auto loans in the Philippines amounted to approximately *** billion Philippine pesos, indicating an increase from the same month of the previous year. The value of outstanding car loans in the country has fluctuated since 2015.

Philippines PH: External Debt: DOD: The International Bank for Reconstruction and Development (IBRD) Loans and International Development Association (IDA) Credits data was reported at 4.672 USD bn in 2016. This records an increase from the previous number of 4.661 USD bn for 2015. Philippines PH: External Debt: DOD: The International Bank for Reconstruction and Development (IBRD) Loans and International Development Association (IDA) Credits data is updated yearly, averaging 3.441 USD bn from Dec 1970 (Median) to 2016, with 47 observations. The data reached an all-time high of 5.185 USD bn in 1995 and a record low of 118.602 USD mn in 1970. Philippines PH: External Debt: DOD: The International Bank for Reconstruction and Development (IBRD) Loans and International Development Association (IDA) Credits data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Philippines – Table PH.World Bank: External Debt: Debt Outstanding, Debt Ratio and Debt Service. IBRD loans and IDA credits are public and publicly guaranteed debt extended by the World Bank Group. The International Bank for Reconstruction and Development (IBRD) lends at market rates. Credits from the International Development Association (IDA) are at concessional rates. Data are in current U.S. dollars.; ; World Bank, International Debt Statistics.; Sum;

As of June 2024, Maya Bank had the highest asset value among digital banks in the Philippines. Maya Bank registered a total asset value of about ***** billion as of this period. GoTyme follows, with assets amounting to **** billion Philippine pesos. Maya Bank  Maya Bank is a digital bank owned by Voyager Innovations, which also owns Maya wallet, and is among the leading e-wallet applications in the Philippines. Although it has only been in business for the past two years, Maya Bank has significantly grown its deposit balance, and its loan portfolio to about three times higher than in 2022.   Digital banking in the Philippines  The Philippine central bank first introduced digital banking in 2021 and has approved licenses to operate for six banks: Maya Bank, GoTyme Bank, Overseas Filipino Bank, Tonik Bank, UnionDigital Bank, and Uno Digital Bank. In 2023, the total value of deposits at digital banks has shown a ** percent increase from the previous year. The central bank announced that it will resume accepting applications for digital banking licenses in 2025 to further expand the industry.

Key information about Philippines External Debt: % of GDP

• Philippines External Debt accounted for 28.7 % of the country's Nominal GDP in 2023, compared with the ratio of 27.5 % in the previous year.
• Philippines External Debt: % of Nominal GDP data is updated yearly, available from Dec 1990 to Dec 2023.
• The data reached an all-time high of 73.9 % in Dec 2001 and a record low of 22.2 % in Dec 2019.

CEIC calculates External Debt as % of Nominal GDP from annual External Debt and annual Nominal GDP. Bangko Sentral ng Pilipinas provides External Debt in USD. Philippine Statistics Authority provides Nominal GDP in local currency. Bangko Sentral ng Pilipinas average market exchange rate is used for currency conversions. External Debt prior to 2005 is calculated as the sum of discontinued Total External Debt, Intercompany Accounts: Phil Branches of Foreign Banks, Loans without BSP Approval and Private Sector Obligations under Capital Lease Arrangements. These three items have been included in the Total External Debt under the new reporting framework.


Related information about Philippines External Debt: % of GDP

• In the latest reports of Philippines, Current Account recorded a surplus of 106.8 USD mn in Dec 2023.
• Foreign Direct Investment (FDI) increased by 826.1 USD mn in Dec 2023.
• Philippines Direct Investment Abroad expanded by 638.5 USD mn in Dec 2023.
• Its Foreign Portfolio Investment increased by 1.8 USD bn in Dec 2023.
• The country's External Debt reached 125,393.7 in Dec 2023.
• The country's Nominal GDP was reported at 102.1 USD bn in Mar 2023.

Key information about Philippines National Government Debt

• Philippines National Government Debt reached 279.5 USD bn in Jan 2025, compared with 276.7 USD bn in the previous month.
• Philippines National Government Debt data is updated monthly, available from Jan 1993 to Jan 2025.
• The data reached an all-time high of 284.4 USD bn in Sep 2024 and a record low of 32.7 USD bn in Oct 1993.

CEIC converts monthly Government Debt into USD. The Bureau of Treasury provides Government Debt in local currency. Bangko Sentral ng Pilipinas period end market exchange rate is used for currency conversions. Government Debt covers Central Government only.


Related information about Philippines National Government Debt

• In the latest reports, Philippines Consolidated Fiscal Balance recorded a deficit equal to 5.7 % of its Nominal GDP in Dec 2024.
• The country's Government debt accounted for 60.7 % of its Nominal GDP in Dec 2024.
• Philippines Nominal GDP reached 102.1 USD bn in Mar 2023.