PHILIPPINE BANKS’ asset quality worsened as the industry’s gross nonperforming loan (NPL) ratio rose in January, according to data from the Bangko Sentral ng Pilipinas (BSP).
Preliminary data from the central bank showed the bad loan ratio rose to 3.38% in January from 3.27% in December. This was the highest in two months or since the 3.54% in November.
However, this was lower than 3.44% in the same month in 2024.
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