Philippine banks’ March bad loan ratio softens
PHILIPPINE BANKS’ bad loan ratio eased to a three-month low in March as total loans increased, according to data from the Bangko Sentral ng Pilipinas (BSP). The industry’s gross bad loan ratio dipped to 3.3% from 3.38% in February and 3.39% a year earlier. Bad loans inched up 0.5% to P516.12 billion at end-March from […]
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