![TFD [LOGO].png](https://static.wixstatic.com/media/1c4fd3_548a902f0e634d898458c2078da13fc9~mv2.png/v1/crop/x_67,y_226,w_358,h_43/fill/w_169,h_20,al_c,q_85,usm_0.66_1.00_0.01,enc_avif,quality_auto/TFD%20%5BLOGO%5D.png){kind=small}
![TFD [LOGO] (10).png](https://static.wixstatic.com/media/bea252_c1775b2fb69c4411abe5f0d27e15b130~mv2.png/v1/crop/x_150,y_143,w_1221,h_1193/fill/w_179,h_176,al_c,q_85,usm_0.66_1.00_0.01,enc_avif,quality_auto/TFD%20%5BLOGO%5D%20(10).png)
Bad loans in the Philippine banking system surged to a 29-month high in October 2024, according to the latest data from the Bangko Sentral ng Pilipinas (BSP).
Gross NPLs amounted to ₱524.31 billion, while the total loan portfolio (TLP) of the banking system stood at ₱14.55 trillion.
The BSP reported that the gross non-performing loan (NPL) ratio rose to 3.6% in October, matching the level last seen in June 2022, and the highest since May 2022, when it reached 3.75%.
Gross NPLs amounted to ₱524.31 billion, while the total loan portfolio (TLP) of the banking system stood at ₱14.55 trillion.
The data also showed that the NPL ratio was 3.47% in September 2024 and 3.44% in October 2023. Gross NPLs in September amounted to ₱517.45 billion, compared to ₱449.45 billion a year earlier.
The TLP stood at ₱14.9 trillion in September 2024 and ₱13.07 trillion in October 2023.
Universal and Commercial Banks
For Universal and Commercial Banks (UKBs), the gross NPL ratio averaged 3.31% in October 2024, the highest in 29 months since the 3.38% recorded in May 2022. Gross NPLs for UKBs totaled ₱444.9 billion, while their TLP reached ₱13.44 trillion in October 2024.
The NPL ratio for UKBs was 3.18% in September 2024 and 3.13% in October 2023. Gross NPLs for UKBs amounted to ₱438.52 billion in September 2024 and ₱379.02 billion in October 2023.
Thrift Banks
For thrift banks, the NPL ratio stood at 6.84% in October 2024, slightly lower than the 6.94% recorded in September 2024 and nearly unchanged from 6.85% in October 2023. Gross NPLs for thrift banks amounted to ₱54.34 billion in October 2024, up from ₱54.2 billion in the previous month and higher than the ₱48.23 billion reported a year earlier.
Digital Banks
Digital banks (DGBs) reported a gross NPL ratio of 10.57% in October 2024, the lowest in 13 months since the 8.46% recorded in September 2023.
The NPL ratio for DGBs had been 11.16% in September 2024 and 12.95% in October 2023. Gross NPLs for DGBs totaled ₱3.66 billion, with a TLP of ₱34.64 billion in October 2024.
Opmerkingen