01797cas a2200241 a 4500 AALejournalIMF011856 230101c9999 xx r poo 0 0eng d 5.00 USD 9781475503524 1018-5941 BD-DhAAL BD-DhAAL Tan, Tatum Blaise Pua. Determinants of Credit Growth and Interest Margins in the Philippines and Asia / Tatum Blaise Pua Tan. Washington, D.C. : International Monetary Fund, 2012. 1 online resource (25 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students 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. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2012/123 Full text available on IMF http://elibrary.imf.org/view/journals/001/2012/123/001.2012.issue-123-en.xml IMF e-Library