Business
Philippine Banks' Bad Loans Ratio Eases to 9-Month Low
The share of bad loans on Philippine banks' books declined to a nine-month low in September, indicating resilience from both lenders and borrowers amidst a challenging economic landscape.
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- Philippine Banks' Bad Loan Ratio Hits 9-Month Low on Credit Growth
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.