Bad loans in the Philippine banking system climbed to a nine-month high in August. This increase comes as lenders, squeezed by narrower margins due to falling interest rates, may have turned to riskier retail borrowers in search of higher returns.
Latest data from the Bangko Sentral ng Pilipinas showed that nonperforming loans (NPLs), or debts overdue by at least 90 days, have risen, reflecting the growing challenges within the banking sector.
https://business.inquirer.net/552316/bad-bank-loans-climbed-to-nine-month-high-in-august
