Bangko Sentral ng Pilipinas Governor Benjamin Diokno speaks during the Bloomberg Philippines: NEXT Summit about the role of banks as a pillar of strength on the Philippine economy. He says bank loan growth hit 10.1 percent in April, faster than 8.9 percent in March. Loans finance business growth and household consumption, both of which support the economy. The Philippine economy expanded 8.3 percent in the first quarter, exceeding the growth figures posted by its ASEAN peers Malaysia, Indonesia, Vietnam, Singapore and Thailand in the same period.
