The graph shows the total assets and total loans of 46 universal (UB) and commercial banks (KB) in in the Philippines from 2013 to 2020. Questions: 1. Just by looking at the graph, explain the performance of the banks for the past 8 years (Q2 2013 to Q2 2020). 2. Give supporting details on why the assets and loans has increased/decreased. You may need to do some research on banking and economic events for certain periods. LOANS ISSUED BY BIG BANKS GROW AT SLOWEST QUARTERLY PACE IN SEVEN YEARS The 5.37% loan growth posted by the country's universal and commercial banks (U/KBs) in the second quarter of 2020 was slowest in seven years, or since the 4.38% expansion in the second quarter of 2013. BANK U/KBs' total assets on billion pesos) U/XBs total loans on billion pesos -0-U/KBs total assets growth U/Kas total loans growth On year on your on year on year) 000 2000 01675 200 56 5 537 4.580 02 04 01 03 2013 04 01 02 03 2014 04 01 02 03 2015 04 01 04 01 02 03 2016 02 03 2017 02 03 2018 04 01 02 03 2019 04 01 02 2020 NOTE FIVE UKRS WERE EXCLUDED IN THE FIRST QUARTER OF 2020 DUE TO UNAVAILABILITY OF DATA AT THE TIME OF COLLECTION SOURCE: BUSINESSWORLD QUARTERY BANONG REPORTS BUSINESSWORD RESEARCH: MAXLAMORIS BUSESSWORLD GRAPHICS:BONGE FOR The graph shows the total assets and total loans of 46 universal (UB) and commercial banks (KB) in in the Philippines from 2013 to 2020. Questions: 1. Just by looking at the graph, explain the performance of the banks for the past 8 years (Q2 2013 to Q2 2020). 2. Give supporting details on why the assets and loans has increased/decreased. You may need to do some research on banking and economic events for certain periods. LOANS ISSUED BY BIG BANKS GROW AT SLOWEST QUARTERLY PACE IN SEVEN YEARS The 5.37% loan growth posted by the country's universal and commercial banks (U/KBs) in the second quarter of 2020 was slowest in seven years, or since the 4.38% expansion in the second quarter of 2013. BANK U/KBs' total assets on billion pesos) U/XBs total loans on billion pesos -0-U/KBs total assets growth U/Kas total loans growth On year on your on year on year) 000 2000 01675 200 56 5 537 4.580 02 04 01 03 2013 04 01 02 03 2014 04 01 02 03 2015 04 01 04 01 02 03 2016 02 03 2017 02 03 2018 04 01 02 03 2019 04 01 02 2020 NOTE FIVE UKRS WERE EXCLUDED IN THE FIRST QUARTER OF 2020 DUE TO UNAVAILABILITY OF DATA AT THE TIME OF COLLECTION SOURCE: BUSINESSWORLD QUARTERY BANONG REPORTS BUSINESSWORD RESEARCH: MAXLAMORIS BUSESSWORLD GRAPHICS:BONGE FOR