BSP chief dismisses NPL rise, slower loan growth due to coronavirus
BSP Governor Benjamin Diokno dismissed concerns about an increase in nonperforming loans (NPLs) and slower loan growth due to the coronavirus outbreak.
He stated that local banks are adequately capitalized with capital adequacy ratios higher than the BSP-prescribed 10% and BIS-prescribed 8%.
The BSP also announced regulatory relief measures for banks affected by borrower defaults.
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