BusinessWorld E-paper
January 30, 2023
PHILIPPINE BANKS will continue to see improved profits this year, supported by better margins following the central bank’s rate hikes, according to Fitch Ratings.
“In the absence of a new shock in the economy, we expect banking sector profitability to continue to improve in 2023, helped by rising interest rate margins as banks continue to reprice their loans while funding costs are likely to remain controlled thanks to banks’ favorable funding structure,” Tamma Febrian, a director at Fitch Ratings’ Asia-Pacific Banking team, said in an e-mail interview with BusinessWorld.
