The Bangko Sentral ng Pilipinas (BSP) said bad loans in the Philippine banking sector are anticipated to worsen this year and next, with their share of total loans likely to peak at 8.2 percent.
BSP Governor Benjamin Diokno said in a press conference on Thursday that banks expect their non-performing loan (NPL) percentage to be between 5 percent and 6 percent by the end of the year. The ratio is expected to peak at 8.2 percent in 2022.
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