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.
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Taking care of older persons is the collective concern of the citizenry
The International Day of Older Persons is observed on Oct. 1 each year.
Promoting safe driving in the new normal
Ford Driving Skills for Life
ON MANNY PACQUIAO - You're the greatest – Roach
From one legend to another.
NAT'L BASKETBALL ASSOCIATION - PAY CUTS FOR NO VAX PLAYERS
NBA poises crackdown on those who refuse to get vaccinated
Duterte renews commitment to infra dev't
With only months left in his term, President Duterte reassured the public that his administration remains committed to its promise of infrastructure development aimed at making the Philippines a progressive nation.
Sustain Our Teachers' Enthusiasm; Enable Young Learners To Hurdle The Learning Crisis
For 10 years now, the period from Sept. 5 to Oct. 5 of every year has been observed as National Teachers Month (NTM), by virtue of President Benigno S. Aquino III’s Proclamation No. 242. The observance culminates on Oct. 5 that, by virtue of Republic Act 10743, is observed as World Teachers Day (WTD) and National Teachers Day (NTD) pursuant to a UNESCO mandate.
Love knows no borders
Pangasinense couple weds at checkpoint
The Next Election Is No Waste Of Time
An appeal to the young who can influence the outcome of the upcoming elections
US Olympian Biles Says She Should've Quit Earlier
Gymnastics
Drones And Jets: China Shows Off New Air Power
ZHUHAI, China (AFP) — China on Tuesday showed off its increasingly sophisticated airpower including surveillance drones and jets able to jam hostile electronic equipment, with an eye on disputed territories from Taiwan to the South China Sea and rivalry with the United States.
