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
September 18 –
International Equal Pay Day
“Increase wages now,
more than other cost items.
For widespread, practical equality!”
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
October –
Monthly Observances:
Industry and Commerce Safety Month
National Statistics Month
Local Government Month
Consumer Welfare Month
Cooperative Month
National Quality and Productivity Improvement Month
National Health and Wellness Tourism Month
National Indigenous Peoples Month
Weekly Observances:
Week 1: Elderly Filipino Week
Week 2: National Health Education Week
Local Government Week
National Mental Health Week
October 17-23:
National Week for Overcoming Extreme Poverty
October 18 – 24:
United Nations Week
Last Week:
Nurses’ Week
Consumers’ Protection Week
Week of the 4th Sunday:
Barrio Farmers’ Week
Daily Observances:
First Monday (Oct 4): Universal Children’s Day i
n the Philippines
Oct 5: National Teachers’ Day
Oct 10: Local Government Day
Third Thursday (Oct 14): Conflict Resolution Day
Oct 21: Tenants’ Emancipation day
Oct 24: United Nations Day
Oct 29: National Indigenous People’s Thanksgiving Day
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