PHILIPPINE LENDERS’ nonperforming loan (NPL) ratio worsened to its highest level in eight months in April as borrowers faced tighter economic conditions amid the Middle East war, latest Bangko Sentral ng Pilipinas (BSP) data showed.
The banking industry’s gross NPL ratio rose to 3.37% from 3.29% in March but slightly eased from 3.39% a year earlier, based on data posted on the central bank’s website.
April had the highest bad loan ratio since the 3.5% in August last year.
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