Soured loans incurred by the Philippine banking system rose to more than P364 billion in the first nine months of the year, according to the Bangko Sentral ng Pilipinas (BSP).
Preliminary data from the central bank showed on Tuesday that lenders’ gross non-performing loans (NPL) surged to P364.67 billion in January to September 2020, up 60.22 percent from the P227.60 billion in the first nine months of 2019.
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