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
Nov 16 – International Day for Tolerance
“No more toleration of corruption!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the 2021 ILO Commission of Inquiry recommendations
against serious violations of
Forced Labour and Freedom of Association protocols.
Accept National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands
#Report Corruption #SearchPosts #TakePicturesVideos
November
Nov 2 – Intl Day to End Impunity for
Crimes Against Journalists
Nov 9 – World Science Day for Peace
and Development
Nov 16 – International Day for Tolerance
Nov 19 – World Toilet Day
Nov 20 – World Children’s Day
Nov 25 – Intl Day for the Elimination of
Violence Against Women
Monthly Observances:
Homes Safety Month
Filipino Values Month
National Rice Awareness Month
National Consciousness Month
for Punctuality and Civility
Environmental Awareness Month
National Children’s Month
Organic Agriculture Month
Weekly Observances:
Nov 19-25: Global Warming and
Climate Change Consciousness Week
Nov 23-29: National Girls’ Week
Population and Development Week
Nov 25 – Dec 12: Social Welfare Week
18-Day Campaign to End
Violence against Women
Week 2: Week 3: Drug Abuse Prevention
and Control Week
Last Week: Safety and Accident
Prevention Week
Daily Observances:
Last Saturday: Career Executive Service
Day
Nov 19: National Child Health Day
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