THE loan quality of the country’s largest banks deteriorated at end-August from the end-July level as their soured credit exposures grew faster than their overall lending.
In a statement, the Bangko Sentral ng Pilipinas said the non-performing loans ratio of universal and commercial banks in the first eight months of the year improved to 2.52 percent compared with 3.25 percent in the same period last year. Month-on-month, the bad loans ratio however went up by 0.07 percentage points from 2.45 percent in the first seven months of this year.
The BSP said the month-on-month hike in the bad loans ratio stemmed from the 5.35 percent increase in NPLs, compared with the slower 2.64 percent rise in total loan portfolio.
Net of interbank loans, the NPL ratio improved to 2.68 percent in August from 3.67 percent last year, but inched up from 2.62 percent in July.
The ratio went up from last month owing to the increase in NPLs, which outweighed the 2.97 percent rise in regular loans.
The industry’s provisioning against potential credit losses remained adequate despite some decline, the BSP noted. –LAILANY P. GOMEZ, Manila Times
20 February –
WORLD DAY OF SOCIAL JUSTICE
“Every day, give everyone their due.
Every day should be Social Justice Day!
The only way”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the recommendations of the 2021 ILO Commission of Inquiry
against serious violations of protocols of
Forced Labour and Freedom of Association.
Accept the National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands
#Report Corruption #SearchPosts #TakePicturesVideos
February Observances
1-7 Feb: World Interfaith Harmony Week
01 Feb: World Wetlands Day
02 Feb: International Day of Human Fraternity
04 Feb: International Day of Zero Tolerance
for Female Genital Mutilation
11 Feb: International Day of Women and Girls
in Science
20 Feb: World Day of Social Justice
Monthly Observances:
National Health Insurance Month
Weekly Observances:
Week 1: National Awareness Week
for the Prevention of Child Sexual Abuse
and Exploitation
Week 3: Public Administration Week
Daily Observances:
Feb 1 Constitution Day
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