THE BANKING INDUSTRY’S nonperforming loan (NPL) ratio remained steady in July despite high borrowing costs and elevated inflation.
Based on data from the Bangko Sentral ng Pilipinas (BSP), the Philippine banking sector’s gross NPL ratio stood at 3.43% as of end-July, unchanged from end-June. It is also lower compared with the 3.57% NPL ratio in July 2022.
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