Philippine banks are shoring up their loan-loss buffers as the industry’s bad loan ratio climbed to an eight-month high of 3.4 percent, due to the lingering impact of the Covid-19 pandemic and global uncertainties affecting borrowers’ ability to repay debts. According to the latest data from...
The Philippine banking system’s gross non-performing loan (NPL) ratio slightly eased to 3.38 percent in May, as continued double-digit growth in bank lending expanded the loan base and, along with the central bank’s cumulative 1.25-percent policy rate cut, helped reduce borrowing costs and...
The Philippine banking system’s gross non-performing loan (NPL) ratio climbed by nine basis points (bps) to 3.39 percent in April, reversing the improvement seen in March, as loan growth slowed and more borrowers fell behind on payments, according to the central bank. The latest data from the...
The Philippine banking system’s gross non-performing loan (NPL) ratio dropped to its lowest level in three months, as robust growth in total bank lending helped offset a slower rise in soured loans. The latest data from the Bangko Sentral ng Pilipinas (BSP) showed that the banking industry’s...
State-run Home Development Mutual Fund, commonly known as Pag-IBIG Fund, is banking on the country’s economic recovery in bringing down its soured loans to single-digit within one year. Acmad Rizaldy P. Moti, Pag-IBIG Fund chief executive officer, said the company’s non-performing loan (NPL)...
Banks' non-performing loans (NPL) ratio still remained unchanged at 4.51 percent in August from the previous month, July, the Bangko Sentral ng Pilipinas (BSP) reported. The total bad loans reached P491.93 billion in August or 61.28 percent from P304.99 billion the same month last year. Compared to...
For the first time this year, banks’ non-performing loans (NPL) ratio slightly dipped to 4.48 percent in June, cutting off a steadily rising bad loans since January. The 4.48 percent NPL ratio is still a 12-year high, and the last time NPL ratio was near this level was January 2009 with 4.46...
Banks’ non-performing loan (NPL) ratio worsened to a 13-year high of 4.49 percent in May versus 4.35 percent in the previous month and from 2.43 percent same time in 2020, based on Bangko Sentral ng Pilipinas (BSP) data. The last time gross NPL ratio was at 4.49 percent was in June 2008 before it...
The banking sector’s non-performing loans (NPL) ratio climbed to 4.35 percent in April this year, highest in 12 years, while delinquency rate also surged, data from the Bangko Sentral ng Pilipinas (BSP) revealed. BSP data showed that the banking sector’s non-performing loans (NPL) ratio went up...
Banks’ non-performing loan (NPL) ratio will breach six percent by the end of 2021, according to Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno. NPL ratio which is currently at 4.21 percent end-March, while still considered manageable, is expected to “settle at slightly above six...
Banks continue to report an increasing gross non-performing loans (NPL) ratio of 4.21 percent and past due ratio of 5.34 percent in March in an expected trend resulting from borrowers’ difficulty in paying their loans amid the public health crisis. The last time gross NPL was at this level was in...
Philippine banks' write-offs for bad loans have reached P3.517 billion as of end-March, 205 percent higher from same time last year of P1.153 billion, based on data from the Bangko Sentral ng Pilipinas (BSP). Writing off bad debts which are non-performing loans (NPL) clears banks’ balance sheets...
