Banks’ asset quality seen bleak until 2021

in World News

THE Philippine banking sector is anticipating further deterioration in asset quality until next year as increasing bad loans hurt the borrowings portfolio. According to Fitch Ratings director for Asia Pacific-Banks Willie Tanoto, the local financial system is seen to endure heightened nonperforming loan (NPL) ratio until 2021. “Yes, we see asset quality weakening in the […]

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