Universal and commercial banks in the Philippines have kept their bad loans manageable in May despite a 20 percent jump in lending over a year earlier, data from the central bank showed on Tuesday.

Gross non-performing loans (NPLs) at the country’s biggest banks stood at P96.07 billion in May, comprising 2.17 percent of their total loan portfolio (TLP) that month. That NPL ratio was down from 2.75 percent in May 2013, according to the latest figures released by the Bangko Sentral ng Pilipinas (BSP).

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details