The latest data from the Bangko Sentral ng Pilipinas (BSP) show that banks' problem loans remain manageable.
In a statement, the BSP said the non-performing loan (NPL) ratio of the country's biggest lenders stood at 1.95 percent at end-March, unchanged from the 1.96 percent at end-February. This ratio has been below 2 percent since November last year.
The manageable bad loan ratio was on account of NPLs rising in step with overall loan growth. Universal and commercial banks had P4.99 trillion worth of loans outstanding at end-March, while their combined NPLs stood at P97.36 billion.
The country's biggest banks also set aside more than ample reserves to cushion against these soured loans at 138.19 percent in March, down from 140.6 percent the month before.
As for thrift banks, their NPL ratio stood at 4.38 percent in the fourth quarter of last year, down from the 4.52 percent in the third quarter of the same year. Thrifts have set aside 77 percent loan loss reserves.
- Interaksyon
In a statement, the BSP said the non-performing loan (NPL) ratio of the country's biggest lenders stood at 1.95 percent at end-March, unchanged from the 1.96 percent at end-February. This ratio has been below 2 percent since November last year.
The manageable bad loan ratio was on account of NPLs rising in step with overall loan growth. Universal and commercial banks had P4.99 trillion worth of loans outstanding at end-March, while their combined NPLs stood at P97.36 billion.
The country's biggest banks also set aside more than ample reserves to cushion against these soured loans at 138.19 percent in March, down from 140.6 percent the month before.
As for thrift banks, their NPL ratio stood at 4.38 percent in the fourth quarter of last year, down from the 4.52 percent in the third quarter of the same year. Thrifts have set aside 77 percent loan loss reserves.
- Interaksyon
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