By Luisa Maria Jacinta C. Jocson, Reporter
PHILIPPINE BANKS’ asset quality continued to worsen as the industry’s gross nonperforming loan (NPL) ratio rose to an over two-year high in October.
Preliminary data from the Bangko Sentral ng Pilipinas (BSP) showed the ratio rose to 3.6% from 3.47% in September and 3.44% a year ago.
Support authors and subscribe to content
This is premium stuff. Subscribe to read the entire article.
Login if you have purchased
