Philippines August M3 growth at 5-mth low; bank lending at 1 1/2 yr low

* Annual M3 growth in Aug at 6.2 pct vs 8.7 pct in July

* S/adj M3 down 1.0 pct in Aug from July

* Aug loan growth net of cbank placements lowest since Feb2011

MANILA, Oct 10 (Reuters) - The Philippine central bankreleased on Wednesday money supply growth and bank lending datadata for August:KEY DATAM3 (in pct) Aug July Jun May Apr Mar Febyr/yr 6.2 8.7 7.1 7.9 9.1 5.6 7.2mth/mth -1.0 0.4 1.9 0.1 2.2 0.4 1.1

NOTE: M3, or domestic liquidity, is a measure of moneycirculating in the economy. Month-on-month data is seasonallyadjusted.

KEY DATA Aug July June May Apr Mar(pct change y/y)Total loans net of reverserepurchase (RRP) deals 14.0 16.0 14.9 14.7 19.2 18.7Total loans with RRP 12.4 15.2 12.2 13.6 16.0 17.7Seasonally adjusted data (pct change mth on mth)Total loans net of RRP 0.1 2.0 1.9 -0.3 1.9 2.1Total loans with RRP -0.2 5.0 0.2 0.2 0.9 2.7KEY POINTS:

- The Philippine central bank said in a statement it willcontinue to monitor liquidity conditions to ensure creditactivity remains supportive of overall economic growth.

- Production loans, comprising more than four-fifths ofcommercial banks' loan portfolios, grew 14.1 percent in Augustfrom a year earlier, lower than the previous month's 16.4percent annual rise.

- Growth in consumer loans was 15.8 percent in August from ayear ago against 15.4 percent in July, due mainly to highertake-up of auto loans and other consumer loans.

- Bangko Sentral ng Pilipinas Governor Amando Tetangco toldReuters on Sept. 26 that policy stimulus currently in place wassufficient to support domestic growth, but policy can be easedif needed later this year.

- The Bangko Sentral ng Pilipinas, which next meets on Oct.25 to review policy, has kept its overnight borrowing rate at arecord low 3.75 percent following three cuts this year - thelast in July - totaling 75 basis points. The cuts were aimed atshielding the economy against external shocks.

- The Philippines' annual inflation rate slowed inSeptember, increasing the scope the central bank has to cutrates to support the domestic economy in the face of gloomyglobal conditions.

- Money parked with the central bank's SDA window is nearingthe $2 trillion mark. SDA placements totaled $1.87 trillion ($45billion) in the week ending September 14.

- Money supply is one of the indicators the central bankreviews when setting monetary policy because of its impact oninflation.

LINK:- For details, see the central bank websitehttp:/ww.bsp.gov.ph

($1 = 41.55 Philippine pesos)

(Reporting by Karen Lema; Editing by Sunil Nair)

((karen.lema@thomsonreuters.com)(+632 841-8938)(ReutersMessaging: karen.lema.reuters.com@reuters.net))