By Katherine K. Chan, Reporter
THE PHILIPPINE BANKING sector’s gross nonperforming loan (NPL) ratio fell to its lowest so far this year at end-September, preliminary data from the Bangko Sentral ng Pilipinas (BSP) showed.
The banking industry’s gross NPL ratio dropped to 3.27% in September from 3.35% in August and 3.31% a year earlier, based on data posted on the central bank’s website.
September saw the lowest bad loan ratio in nine months or since 3.07% in December last year.
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