Fitch Ratings

Stress test shows NPL ratio likely to rise, but not to levels PBOC expects, the ratings agency said.

The extension is a positive for their asset quality and profits, but credit costs will remain elevated.

Two mergers were announced in August alone, and as regulatory costs remain high, more might seek to consolidate.

The region’s large unbanked population underpins its market potential.

Fitch ratings downgrades the Philippines’ banking system operating environment score to negative.

However, its impact on earnings may take some time to rise as mortgages are not yet due.

Escalation of the pandemic in Thailand will significantly affect business activity in H2.

The rising number of COVID cases will delay the return to normal repayment schedules.

The country’s economic resilience has eased BFCs’ operational pressures.