PH banks’ bad loan ratio rises to 8-mo high

0 views0 likes0 comments

Originally published byPhilippine Daily Inquirer

Philippine banks’ bad loan ratio rose to an eight-month high in April as borrowers felt the sting of inflation, slow economic growth and higher borrowing costs amid the war in the Middle East. Nonperforming loans (NPL), or debts overdue by at least 90 days and at risk of default, accounted for 3.37 percent of the […]...

Keep on reading: PH banks’ bad loan ratio rises to 8-mo high