Car Loans Rise as Philippine Auto Industry Grows
October 26, 2008 by Tsikot · Leave a Comment
Car loans climbed in June as the local automotive industry continued posting sales growth amid the perceived economic downturn.
Data from the central bank showed that automobile loans (ALs) stood at P79.1 billion as of end-June, 3.3 percent higher than the loans extended for car purchases at the end of the first quarter. Read more
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