Philippine Banks See Bad Loan Ratio Drop to 9-Month Low
The non-performing loan (NPL) ratio in the Philippine banking sector eased to a nine-month low of 3.27% in September, driven by credit growth expanding the loan base. However, gross bad loans still increased year-on-year, with economic uncertainties posing potential risks.
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The non-performing loan (NPL) ratio in the Philippine banking sector eased to a nine-month low of 3.27% in September, driven by credit growth expanding the industry's loan base. However, gross bad loans saw a year-on-year increase, signaling potential future pressures amid economic uncertainties.