Banks' asset risks to worsen

Banks' asset risks to worsen – Moody's

By Mayvelin U. Caraballo

Sep 02, 2021 1:15 am

The already deteriorating asset quality of Philippine banks would worsen further as the country's economic recovery was delayed, according to Moody's Investor Service.

'Banks' asset quality will further weaken amid resurgence of coronavirus cases. Defaults by individuals and SMEs (small and medium enterprises) will drive growth in NPLs (nonperforming loans),' it underscored in a report released on Tuesday.

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