PH Midsize Banks More Vulnerable to Bad-Debt Shock, S&P Says
S&P Global Ratings warned that some midsize Philippine banks are more exposed than the country's largest lenders to a shock from rising bad debts, citing the rapid growth of unsecured retail loans as a potential threat to asset quality.
This article requires PRO
This article is outside the free access window or is a special report. PRO unlocks it and the full archive.
Related articles
- BPI's Go Faces Growth Costs and Bad Debt Risks as She Prepares to Take Helm
Maria Cristina Go, set to lead the Bank of the Philippine Islands (BPI), faces challenges stemming from rapid expansion costs and potential bad debt. Her tenure will be tested on maintaining profitability amidst ambitious growth initiatives.
- Philippine Factory Activity Contracts for Second Straight Month in October
Philippine manufacturing contracted for the second consecutive month in October, with the S&P Global PMI falling to 49.1, impacted by weak demand and El Niño. Despite this, business confidence reached a two-year high, signaling optimism for future recovery.
- PH Banks Achieve Record Q3 Profit Amid Economic Headwinds
Philippine banks posted their highest third-quarter profit on record in 2026, driven by elevated interest rates boosting their margins despite domestic and international economic headwinds. Preliminary Bangko Sentral ng Pilipinas data shows a combined net profit of P315.5 billion as of end-September, a 4.3 percent increase year-on-year.
- GCash Faces Rocky PSE Debut, Analysts Eye Earnings for Recovery
Mynt Inc., the operator of GCash, has seen its shares slump on the Philippine Stock Exchange (PSE). COL Financial suggests that while the stock may have become more attractive due to the pullback, stronger earnings are crucial for a sustained recovery.