• The share of soured loans to the banking sector’s total loan book increased to a five-month high of 3.44 percent in October amid higher borrowing costs, after declining for two straight months to a six-month low of 3.40 percent in September.
  • Preliminary data released by the Bangko Sentral ng Pilipinas (BSP) showed that the non-performing loan (NPL) ratio of Philippine banks was the highest in five months or since May’s 3.46 percent.
  • After climbing for five straight months to hit a nine-month high of 3.46 percent in May, the NPL ratio improved to 3.43 percent in June and July, 3.42 in August and 3.40 percent in September.