Financial Intermediation sustains growth
Financial Intermediation expanded by 6.0 percent in the fourth quarter of 2018. This was higher than the 5.2 percent growth recorded in the same quarter of 2017. Among subsectors, Banking Institutions contributed the most to growth and had the fastest increase of 8.1 percent, followed by Non-Banking Financial Institutions at 5.7 percent. Activities Auxiliary to Financial Intermediation and Insurance likewise grew but at slower pace of 3.7 percent and 2.3 percent, respectively.
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