Philippine banks’ NPL ratio may rise up to 5% by end-2021 – Fitch

BW FILE PHOTO The Philippine banking industry will likely see a rise in soured loans this year as many consumers struggle to settle their debts amid the crisis, Fitch Ratings said. The non-performing loan (NPL) ratio is expected to spike to 4.5-5% by end-2021 as more bad loans pile up in the first half, the […]

Philippine banks’ NPL ratio may rise up to 5% by end-2021 – Fitch

BW FILE PHOTO The Philippine banking industry will likely see a rise in soured loans this year as many consumers struggle to settle their debts amid the crisis, Fitch Ratings said. The non-performing loan (NPL) ratio is expected to spike to 4.5-5% by end-2021 as more bad loans pile up in the first half, the […]

BSP expands types of loans counted as Agri-Agra compliance

THE BANGKO SENTRAL ng Pilipinas (BSP) has expanded further the type of loans counted as compliance with the mandatory credit allocation for agriculture and agrarian reform activities. “This is an interim measure while awaiting the amendment of Republic Act (RA) 10000 (Agri-Agra Reform Credit Act of 2009) itself,” Monetary Board member V. Bruce J. Tolentino […]

Security Bank to face asset quality risks due to large retail loan portfolio

A man transacts at an automated teller machine of Security Bank Corp. in Quezon City. — BW FILE PHOTO SECURITY BANK Corp. will continue to face asset quality pressures this year mainly due to its “troubled retail portfolio,” S&P Global Ratings said on Friday. “The bank has aggressively expanded into retail banking during the past […]

Peso rises as RTB sale ends

BW FILE PHOTO THE PESO climbed against the greenback on Friday following the end of the government’s retail Treasury bond (RTB) offering the day prior. The local unit closed at P48.56 per dollar on Friday, gaining six centavos from its Thursday finish of P48.62.It also appreciated by three centavos from its P48.59-per-dollar close on Feb. […]

Over 3,000 COVID cases logged on Friday, highest since Oct. 16

A healthcare worker of Cardinal Santos Medical Center in San Juan City, Metro Manila gets vaccinated with CoronaVac on March 5, 2021. — PHILSTAR/MICHAEL VARCAS THE health department reported on Friday 3,093 new coronavirus cases, the highest daily case rate in almost five months, and more cases of the new variants. The March 5 tally […]