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Creating a diverse, inclusive, and safe workplace for the LGBTQIA+ community
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Published May 11, 2021, 11:48 AM
Banks continue to report an increasing gross non-performing loans (NPL) ratio of 4.21 percent and past due ratio of 5.34 percent in March in an expected trend resulting from borrowers’ difficulty in paying their loans amid the public health crisis.
The last time gross NPL was at this level was in March 2009 and in November 2008 for the past due ratio, based on Bangko Sentral ng Pilipinas (BSP) data. The soured loans ratio first went past four percent, and five percent for the past due ratio, in February this year. At the end of 2020, the first pandemic year, the gross NPL ratio was at 3.63 percent and the past due ratio was at 4.46 percent.
Published May 10, 2021, 1:57 PM
The banking industry’s capital adequacy ratio (CAR) improved to 16.6 percent and 17.1 percent on solo and consolidated bases in 2020 despite the COVID-19 pandemic’s hits on its earnings, capital and operations.
The CAR, which is a bank’s measure of capital health in relation to its risks and liabilities, was an improvement from the previous year’s 15.4 percent and 16 percent.
“Banks’ risk-taking activities were supported by adequate capital which was mainly composed of common equity and retained earnings,” the Bangko Sentral ng Pilipinas (BSP) said in its latest “Report on the Philippine Financial System” released over the weekend.