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Big banks see sustained rise in bad loans

Universal and commercial banks expect bad loans to increase in the next two years as consumer loans remain vulnerable and prone to weakening due to the COVID-19 pandemic, according to the Bangko Sentral ng Pilipinas......»»

Category: financeSource: philstar philstarJul 22nd, 2021

NPL ratios of banks continue to rise

A continued increase in bad loans from the real estate sector and household consumption contributed mainly to the growth of the non-performing loan (NPL) ratio of Philippine banks, according to the Bangko Sentral ng Pilipinas......»»

Category: newsSource:  philstarRelated NewsMay 16th, 2021

BPI profits up 28.8% on lower loan loss buffers

Bank of the Philippine Islands saw its earnings grow by over a fifth in the second quarter, after the lender funneled less resources on buffers against bad loans from pandemic-hit borrowers......»»

Category: financeSource:  philstarRelated NewsJul 22nd, 2021

DTI hopeful of sustained export growth

The Department of Trade and Industry expects exports to continue to rise in the coming months following the 29.8 percent year-on-year growth posted in May as travel restrictions abroad are eased and more people get vaccinated......»»

Category: financeSource:  philstarRelated NewsJul 10th, 2021

Banks’ bad loans ratio swells to 13-year high

Banks’ bad loans climbed for the fifth straight month in May to hit the highest level in almost 13 years as the country continues to struggle amid the resurgence of COVID-19 cases......»»

Category: financeSource:  philstarRelated NewsJul 8th, 2021

Banks at risk from sluggish credit, bad loans – S& P

Philippine banks are facing sluggish revival in credit growth, rising non-performing loans, a marginal decline in credit costs, and mild recovery in earnings this year due to subdued economic activity and high COVID-19 infection rates, according to S&P Global Ratings......»»

Category: financeSource:  philstarRelated NewsJul 3rd, 2021

Bank lending tightens for 6th straight month

Loans released by big banks contracted for the sixth straight month, although at a slower pace of four percent in May from five percent in April, as demand remained subdued due to the resurgence of COVID-19 cases, according to the Bangko Sentral ng Pilipinas.....»»

Category: financeSource:  philstarRelated NewsJul 1st, 2021

Agri-agra loans post 2-digit growth in Q1

Loans extended by domestic banks for agriculture and agrarian reform recorded a double-digit growth of 10 percent to P765.92 billion in the first quarter from P696.35 billion in the same quarter last year, according to the Bangko Sentral ng Pilipinas......»»

Category: newsSource:  philstarRelated NewsJun 29th, 2021

Submit list of bad loans for FIST – BSP

The Bangko Sentral ng Pilipinas has ordered banks to submit a list of soured loans and assets to be disposed of at substantial discounts through a new law to ensure a sound and safe financial system as the country recovers from the impact of the COVID-19 pandemic......»»

Category: newsSource:  philstarRelated NewsJun 6th, 2021

MSME loans down 8.6% to P488 billion in Q1

Loans extended by domestic banks to micro, small and medium enterprises slipped by 8.6 percent in the first quarter......»»

Category: financeSource:  philstarRelated NewsJun 1st, 2021

Basic deposit accounts in banks reach P4.7 billion

The low cost, no frills deposit accounts reached P4.7 billion last year and may rise further with the continued rollout of the Philippine Identification System in the country amid the COVID-19 pandemic, according to the Bangko Sentral ng Pilipinas......»»

Category: financeSource:  philstarRelated NewsMay 30th, 2021

Banks in Mexico are betting on housing loans

Credit for both new and used housing came to just over a tenth of commercial bank financing in March, from 7.6 trillion pesos – including.....»»

Category: lifestyleSource:  abscbnRelated NewsMay 17th, 2021

Banks’ NPL ratio hits fresh 11-year high of 4.21% in March

The gross non-performing loan ratio of the banking sector rose for the third straight month to a fresh 11-year high of 4.21 percent in March from 4.08 percent in February as soured loans continued to soar amid the resurgence of COVID-19 cases, according to the Bangko Sentral ng Pilipinas.....»»

Category: financeSource:  philstarRelated NewsMay 10th, 2021

Banks stuck at grim trend of shrinking loans, rising unpaid debts

Bank lending is down for a fourth straight month, while bad loans rose to their highest since August 2009......»»

Category: financeSource:  philstarRelated NewsMay 10th, 2021

Loans to MSMEs, large firms as RRR compliance near P200 billion

To comply with the reserve requirement, banks have extended nearly P200 billion in loans to small, medium and large firms as of end-March, according to the Bangko Sentral ng Pilipinas......»»

Category: financeSource:  philstarRelated NewsMay 10th, 2021

BSP extends zero spread on rediscount loans until July

The Bangko Sentral ng Pilipinas has extended anew the zero spread on its peso rediscount loans by another three months to allow banks to tap the facility to meet their temporary liquidity needs......»»

Category: financeSource:  philstarRelated NewsMay 5th, 2021

Del Monte, AMAL prepare for IPOs

Food giant Del Monte Philippines Inc. has applied with the Securities and Exchange for an initial public offering of up to P44 billion worth of shares to pay for loans availed from local banks......»»

Category: financeSource:  philstarRelated NewsApr 29th, 2021

Banks see their bad debts a little above 5% of loans in 2021

That means soured loans are yet to reach a peak even as they begin to accumulate this year......»»

Category: financeSource:  philstarRelated NewsApr 23rd, 2021

3 US banks booked big earnings in 1st& nbsp;quarter

New York—Profits soared in the first quarter at three US banking giants thanks to an improving macroeconomic backdrop that has reduced the need to set aside funds for bad loans......»»

Category: financeSource:  thestandardRelated NewsApr 15th, 2021

Lower NPL ratio seen w/in 2 years

The sales or transfers of banks bad loans and assets shall be entitled to privileges for a period of not more than two years from the date of activity, Bangko Sentral Governor Benjamin Diokno said. The post Lower NPL ratio seen w/in 2 years appeared first on Daily Tribune......»»

Category: newsSource:  tribuneRelated NewsMar 29th, 2021

CLI Continues to Build New Condos

Despite delays caused by the pandemic, the condominium industry is still lively for Cebu Landmasters Inc. (CLI). CLI said that the continued rise in demand for housing from young professionals and entrepreneurs is key to the sustained growth of the condo market in Cebu, per PNA. CLI also announced in a press briefing that they […].....»»

Category: newsSource:  metrocebuRelated NewsMar 27th, 2021