Bad loans fell to 6-month low in June

MANILA, Philippines — Philippine banks’ bad loans fell to a six-month low in June, a welcome sign of resilience even as lenders quietly built bigger financial cushions against mounting economic risks. Nonperforming loans (NPL), or debts overdue by at least 90 days and at risk of default, accounted for 3.29 percent of the local banking sector’s […]...

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