THE PHILIPPINE BANKING system remains stable as its steady profitability, funding and liquidity, as well as strong capital position can help temper potential asset quality risks from the rise in retail loans and the economic fallout from an ongoing corruption probe, Moody’s Ratings said.
“We maintain a stable outlook for the Philippines’ (Baa2 stable) banking system, underpinned by a stable operating environment and adequate loan-loss buffers,” Moody’s Ratings said in a report on Monday.
A stable outlook means the debt watcher’s assessment of rated local lenders will likely be unchanged over the next 12 to 18 months.
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