Philippine banks’ July bad loan ratio rises to 3.35%

PHILIPPINE BANKS’ nonperforming loan (NPL) ratio worsened in July as soured debt rose, preliminary Bangko Sentral ng Pilipinas (BSP) data showed. Banks’ gross NPL ratio rose to 3.35% in July from 3.29% a month earlier, but eased from 3.4% in the same month last year. This was the highest bad loan ratio in two months […]