The view of the Makati skyline seen from EDSA, Sept. 24, 2020. — PHILIPPINE STAR/ MICHAEL VARCAS
The latest bad loan ratio is the lowest in 28 months or since the 2.84% in August 2020. This is also better than BSP’s 8.2% projection for end-2022. Credit for production activities jumped by 12.1% to P9.56 trillion, easing from the revised 12.6% growth in November. The loan portfolio of Philippine banks expanded by 10.7% to P12.61 trillion as of end-2022 from P11.39 trillion as of end-2021 and by 3.4% from the P12.20 trillion a month prior.
Source: News Formal (newsformal.com)
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