Fitch lauds tighter watch on banks’ property loans

Regulatory initiatives to enhance oversight of property lending and project finance could make it easier to spot pockets of excess in these high-growth sectors, Fitch Ratings said.

Prudential standards, however, remain a concern and Fitch said the Bangko Sentral ng Pilipinas (BSP) was still facing the challenge of discerning unhealthy risk-taking from productive lending that supports economic growth.