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Manila, Philippines—The real estate exposures (REEs) of universal, commercial (U/KBs), thrift banks (TBs), and trust departments reached P1.5 trillion by the end of 2015 according to the Bangko Sentral ng Pilipinas (BSP). The REEs accounted for 23.7 percent of the banks’ total loan portfolio (TLP) during the period, slightly lower

Manila, Philippines–The real estate exposures (REEs) of universal, commercial (U/KBs), thrift banks (TBs) and trust departments reached Php1.4 trillion at the end of the second quarter in 2015. The figure is a 6.8 percent quarter-on-quarter (Q-o-Q) increase from the REEs posted by the banks at end-March 2015. REEs increased amid