Bad loans in the local banking system will likely peak next year before gradually returning to pre-pandemic levels, the Bangko Sentral ng Pilipinas said.BSP Governor Benjamin E. Diokno said Wednesday, Sept. 22, that non-performing loan ratio is estimated to hit 8.2 percent in 2022, almost twice the end-July level of 4.51 percent.
Diokno is confident that the NPL ratio will remain at single-digit level owing to local banks’ prudent credit risk management standards and the operationalization of the Financial Institutions Strategic Transfer Act.He said a few banks have already expressed interests in disposing their NPAs under FIST Act.“We do not expect NPLs to reach levels that will result in banks reaching their minimum capital ratio,” said Diokno.
“Banks are proactive and ensure that their credit risk are well managed,” said Diokno, referring to enhanced remedial management problem of credits and the recognition of loan loss provisions and the managing of capital losses.new 13-year high of 4.51 percent, much higher than 2.70 percent in same period last year since borrowers are still struggling to meet their loan payments amid the still surging public health crisis.
Diokno has said that he expects NPL ratio to increase above six percent by the end of this year. WithThe
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