Over a spread of four years or until 2025, NPL ratio under FIST Act will be brought down by as much as 5.8 pp as the banks will be able to manage NPL through the transfer or sale of nonperforming assets (NPA) to FIST Corporations, Special Purpose Vehicles and eligible individuals.
“The implementation of the FIST Act is projected to reduce the average NPL ratio for the banking system by 0.6 to 5.8 percentage points for the years 2021 to 2025,” said Diokno during the 6th Joint Economic Briefing of the European Chamber of Commerce of the Philippines (ECCP).
The BSP’s previous estimate was that the FIST Act will slash NPL ratio by 0.63 to 0.71 pp within two years of the FIST implementation.
Diese Geschichte stammt aus der July 8, 2021-Ausgabe von Manila Bulletin.
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Diese Geschichte stammt aus der July 8, 2021-Ausgabe von Manila Bulletin.
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