PH banks' bad loans soar to P481 billion

By Mayvelin U. Caraballo

Jan 12, 2022 12:25 am

THE amount of bad loans in the Philippine banking sector rose to P481 billion at the end of November 2021, according to data issued by the Bangko Sentral ng Pilipinas (BSP) on Tuesday.

At the end of November, gross nonperforming loans (NPLs) incurred by lenders had climbed by 19.07 percent to P481.87 billion, up from P404.68 billion a year earlier.

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