Bangko Sentral ng Pilipinas (File photo / Philippine Daily Inquirer) Companies may have a harder time taking out a loan in the first quarter of the year as banks are expected to further tighten their lending standards for businesses on reduced tolerance for risk, according to the latest survey of senior bank loan officers conducted by the Bangko Sentral ng Pilipinas (BSP). The BSP's latest quarterly Senior Bank Loan Officers' Survey, which also covers the fourth quarter of 2022, showed that this was the scenario based on a 'diffusion index' (DI) approach on the data collected from 50 universal and commercial banks as well as thrift banks.

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