Philippine NPL Ratio Falls to 3.27% as Bank Loan Portfolio Expands

PravdaReport ·
Economy Markets Philippines

The nonperforming loan (NPL) ratio in the Philippine banking sector fell to 3.27% by the end of September, marking the lowest level since December of the previous year. Preliminary data from the Bangko Sentral ng Pilipinas (BSP) indicates this decline coincided with an expansion of the industry's total loan portfolio to 18.133 trillion pesos, representing a 1.97% month-over-month increase and an…

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