THE PHILIPPINE banking system’s gross nonperforming loan (NPL) ratio fell to a one-year low in December, preliminary data from the Bangko Sentral ng Pilipinas (BSP) showed.
The industry’s gross NPL ratio slid to 3.27% in December from 3.54% in November. This was the lowest NPL ratio since the 3.24% posted in December 2023.
BSP data showed the amount of bad loans declined by 3.9% to P500.3 billion as of end-December from P520.5 billion a month earlier.
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