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Banks’ bad loan ratio eases in Sept.
The gross non-performing loans (NPL) ratio of domestic banks improved to a five-month low of 3.47% in September, a decrease from 3.59% in August.
This NPL ratio in September was slightly higher than the 3.40% recorded in the same period last year.
The total loan portfolio of the banking sector saw a 14% increase, reaching P14.903 trillion in September compared to P13.064 trillion in the previous year.
Non-performing loans, defined as loan accounts with principal or interest unpaid for 30 days or more, amounted to P517.452 billion, an increase of 16.45% from the previous year.
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