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
World Day for Safety and Health at Work
“Safety and health at work every day!”
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 #Distancing #TakePicturesVideos
Monthly Observances:
March – Women’s Role in History Month
April – Month of Planet Earth
Weekly Observances:
Last Week of March: Protection and Gender Fair Treatment of the Girl Child Week
Last Week of April – World Immunization Week
Daily Observances:
Mar 25 – International Day of Remembrance of the Victims of Slavery and the Transallantic Slave Trade
Mar 27– Earth Hour
Apr 21 – Civil Service Day
Apr 22 – World Earth Day
Apr 28 – World Day for Safety and Health at Work
