BusinessWorld E-paper
September 10, 2024
PHILIPPINE BANKS’ asset quality worsened in July as the industry’s gross non performing loan (NPL) ratio rose to its highest in over two years.
Preliminary data from the Bangko Sentral ng Pilipinas (BSP) showed the banking industry’s gross NPL ratio went up to 3.58% in July from 3.51% in June and 3.43% a year ago.
