The average NPL ratio of the 38 Philippine universal/commercial banks went down to 2.18% in July from 2.45% a year earlier.
Nonetheless, the figure is higher that June’s 2.06%.
Data from the Bangko Sentral ng Pilipinas revealed that total non-perfroming loans for the January to July period amounted to P73.36 billion, higher than June’s P69 billion but almost the same in 2011 of P73 billion.
The BSP explained that the NPL ratio improved year-on-year since the growth of total loan portfolio exceeded that of NPLs.
As of end-July, the big banks’ total loan portfolio reached P3.371 trillion from P3.192 trillion in June and P2.979 trillion in July 2011.
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