Net NPL ratio in September lowest since March

Quick Summary:

THE Philippine banking system’s net bad loans ratio in September was at its lowest since March this year, according to the Bangko Sentral ng Pilipinas (BSP).

This was also the lowest since the 1.36 percent posted in March 2024.

In June 2024, NPLs for RCBs averaged 3.22 percent.

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Article Details

Author / Journalist: Cai U. Ordinario

Category: BusinessStartups

Markets: Philippines

Topics: September 2023 Ratio Percent Npls Data Showed Posted Lowest Banks 2024

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-13 @ 16:09:00 (17 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 464 words

Reading Time: 3 minutes read

Sentences: 22 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 23574658

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About Business Mirror

Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 77 posts per day

Year Established: 2005

Headquarters: Philippines

News Last Updated: 17 hours ago

Coverage Areas: Philippines

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

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Publisher ID: #37

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