BAD loans logged by the Philippine banking system in October 2024 posted a 29-month high, according to the latest data released by the Bangko Sentral ng Pilipinas (BSP). BSP data showed gross non-performing loans (NPLs) ratio was at 3.
BAD loans logged by the Philippine banking system in October 2024 posted a 29-month high, according to the latest data released by the Bangko Sentral ng Pilipinas .
Gross NPL amounted to P524.31 billion in October 2024 while the total loan portfolio of the Philippine banking system reached P14.55 trillion in the same period. The TLP, based on BSP data, was at P14.9 trillion in September this year and P13.07 trillion in October 2024. The gross NPLs of UKBs amounted to P444.9 billion while the total loan portfolio of these major banks reached P13.44 trillion in October 2024.
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