BSP: PH banks’ bad loans expand to P487B

bsp ph banks bad loans expand to p487b

Sumary of BSP: PH banks’ bad loans expand to P487B:

  • Figures released by the Bangko Sentral ng Pilipinas (BSP) on Friday showed that the amount of bad loans in the Philippine banking system has risen to over P487 billion as of the end of July this year.
  • } It said that, like in the previous 18 months, new NPLs will primarily come from the retail and SME groups as these borrowers have weak buffers to sustain lengthy cash flow shocks.

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