Large Philippine banks remain relatively stable in their lending operations, with an average non-performing loan ratio of below 3 percent in line with international standards, but some smaller banks engaged in consumer lending have bad loans as high as 60 percent of loan portfolio. Read the rest of this entry »
A few savings banks have risky loans—BSP data
January 19, 2012
RP financial dev’t rank remains dismal 44th — WEF
December 15, 2011
The country’s financial development ranking climbed six notches this year compared to last year but remained in the bottom rung of the region, according to Geneva-based World Economic Forum (WEF). Read the rest of this entry »
Bad loan ratio picks up amid slower growth in overall lending
November 14, 2011
THE quality of loans of the country’s largest banks edged up at end-September as their total loan portfolio declined past their non-performing loans, the Bangko Sentral ng Pilipinas said. Read the rest of this entry »
Banks’ NPL ratio rises
October 17, 2011
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. Read the rest of this entry »
Foreign debt rises 7.3% to $61.4 B
October 1, 2011
MANILA, Philippines – The country’s foreign debt climbed 7.3 percent to $61.4 billion in the first half of the year from $57.3 billion a year ago on the back of an upward foreign exchange revaluation due to the general weakness of the dollar against major currencies, Bangko Sentral ng Pilipinas (BSP) Governor Amando M. Tetangco Jr. said yesterday. Read the rest of this entry »
Banks’ NPL ratio drops to lowest in 14 years
September 3, 2011
MANILA, Philippines – The non-performing loans (NPLs) ratio of universal and commercial banks continued to improve in June as the industry’s total loan portfolio outpaced the build-up in bad loans in light of the country’s improving economy, the Bangko Sentral ng Pilipinas (BSP) reported yesterday. Read the rest of this entry »
PDIC takes over 22 banks in first 8 months
August 28, 2011
MANILA, Philippines – The number of banks taken over by state-run Philippine Deposit Insurance Corp. (PDIC) went up 29 percent in the first eight months of the year as more problematic banks were ordered closed by the Bangko Sentral ng Pilipinas (BSP). Read the rest of this entry »
Central bank clamps down on deceptive interest rates
July 25, 2011
THE Bangko Sentral ng Pilipinas has tightened the rules of the Truth in Lending Act to increase bank transparency and disclosure practices and protect consumers.
The policy-making Monetary Board, through MB Resolution 1018 dated July 7, 2011, approved the updated rules implementing the law. Read the rest of this entry »
Banks’ NPL ratio lowest since 1997 financial crisis
July 25, 2011
MANILA, Philippines – The bad loans ratio of universal and commercial banks fell to its lowest level since the Asian financial crisis battered major economies in the region, including the Philippines, in 1997 as the industry’s total loan portfolio grew while non-performing loans declined on the back of the country’s resilient economy, the Bangko Sentral ng Pilipinas (BSP) reported over the weekend. Read the rest of this entry »
Banks’ NPL ratio drops below 3%
April 11, 2011
MANILA, Philippines – The soured loans ratio of universal and commercial banks continued to improve and is now below three percent as loans grew while non-performing loans declined on the back of the country’s resilient economy. Read the rest of this entry »
