Determinants of Credit Growth and Interest Margins in the Philippines and Asia PDF Download

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Determinants of Credit Growth and Interest Margins in the Philippines and Asia

Determinants of Credit Growth and Interest Margins in the Philippines and Asia PDF Author: Ms.Tatum Blaise Pua Tan
Publisher: International Monetary Fund
ISBN: 1475545762
Category : Business & Economics
Languages : en
Pages : 59

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Book Description
Despite robust deposit growth, credit growth has been sluggish in the Philippines. We attribute this to legacy weaknesses in bank balance sheets, consumption-led economic growth, and relatively high net interest margins. Bank-level analysis suggests that interest margins in the Philippines rise with bank size, bank capitalization, foreign ownership, overhead costs and tax rates. Using bank-level data for a number of Asian economies, we find that higher growth, lower inflation, higher reserve requirements, greater banking sector development, smaller stock market development and lower government deficits reduce net interest margins, informing the policy debate on strengthening financial intermediation in the Philippines.