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 Feb 2011

MANILA, Oct 10 (Reuters) - The Philippine central bank released on Wednesday money supply growth and bank lending data data for August: KEY DATA M3 (in pct) Aug July Jun May Apr Mar Feb yr/yr 6.2 8.7 7.1 7.9 9.1 5.6 7.2 mth/mth -1.0 0.4 1.9 0.1 2.2 0.4 1.1

NOTE: M3, or domestic liquidity, is a measure of money circulating in the economy. Month-on-month data is seasonally adjusted.

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 18.7 Total loans with RRP 12.4 15.2 12.2 13.6 16.0 17.7 Seasonally adjusted data (pct change mth on mth) Total loans net of RRP 0.1 2.0 1.9 -0.3 1.9 2.1 Total loans with RRP -0.2 5.0 0.2 0.2 0.9 2.7 KEY POINTS:

- The Philippine central bank said in a statement it will continue to monitor liquidity conditions to ensure credit activity remains supportive of overall economic growth.

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

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

- Bangko Sentral ng Pilipinas Governor Amando Tetangco told Reuters on Sept. 26 that policy stimulus currently in place was sufficient to support domestic growth, but policy can be eased if 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 a record low 3.75 percent following three cuts this year - the last in July - totaling 75 basis points. The cuts were aimed at shielding the economy against external shocks.

- The Philippines' annual inflation rate slowed in September, increasing the scope the central bank has to cut rates to support the domestic economy in the face of gloomy global conditions.

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

- Money supply is one of the indicators the central bank reviews when setting monetary policy because of its impact on inflation.

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

($1 = 41.55 Philippine pesos)

(Reporting by Karen Lema; Editing by Sunil Nair)

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

Keywords: PHILIPPINES ECONOMY/MONEY SUPPLY