Preliminary data released by the Bangko Sentral ng Pilipinas (BSP) showed that the non-performing loan (NPL) ratio of Philippine banks rose to 3.44 percent in January from the revised 3.24 percent in December, the highest in eight months or since the 3.46 percent in May 2023.
After improving for four straight months to hit a six-month low of 3.40 percent in September, the NPL ratio picked up to 3.44 percent in October before easing to 3.41 percent in November.
This story is from the March 11, 2024 edition of The Philippine Star.
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This story is from the March 11, 2024 edition of The Philippine Star.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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