By Luisa Maria Jacinta C. Jocson, Reporter
THE PHILIPPINE banking system’s gross nonperforming loan (NPL) ratio eased in September, preliminary data from the Bangko Sentral ng Pilipinas (BSP) showed.
The banking industry’s gross NPL ratio slipped to 3.47% in September from the over two-year high of 3.59% in August. However, it was still higher than 3.4% in the same period in 2023.
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