BusinessWorld E-paper
March 09, 2023
SOURED LOANS held by banks increased for the first time in 10 months in January amid elevated inflation and rising interest rates, which brought the industry’s gross nonperforming loan (NPL) ratio to a two-month high.
Based on preliminary data from the Bangko Sentral ng Pilipinas (BSP), bad loans reached P405.138 billion in January, up by 1.6% from P398.79 billion in December 2022. Still, this is 12.2% lower than P461.66 billion a year earlier.
