Preliminary data from the BSP showed that the NPL ratio of Philippine banks in August was the lowest since the 3.41 percent recorded in April.MANILA, Philippines — Banks’ non-performing loan ratio improved to a four-month low of 3.42 percent in August from 3.43 percent in July with the Bangko Sentral ng Pilipinas maintaining a hawkish pause as it left interest rates untouched over the past few months.
The ratio improved to 3.43 percent in June and July as the central bank maintained a hawkish pause since May this year amid the inflation downtrend and as the local currency rebounded to the 53 to $1 range in February. Michael Ricafort, chief economist at Rizal Commercial Banking Corp., attributed the slight decline in the industry’s NPL ratio in August to the continued growth in loan demand that broadened the base.
The banking sector’s past due loans grew by 8.5 percent to P538.2 billion from P496.13 billion as restructured loans slipped by 4.3 percent to P306.05 billion from P319.89 billion. The International Monetary Fund earlier said the higher interest rate environment underscores the importance of strengthening systemic risk monitoring and financial supervision, expanding the macroprudential toolkit, as well as calibrating it to counter vulnerabilities stemming from sectoral exposures and linkages between financial conglomerates and non-financial corporates.
There is no escaping a fully digital world, but our government is struggling to understand the basics of cybersecurity… so, it can’t properly regulate the private sector and it can’t adequately...
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