Top-tier PH banks still favored by CreditSights

By The Manila Times

Aug 19, 2023 12:31 am

BIGGER banks in the country are still expected to perform better than their smaller counterparts amid the uncertain business environment marked by elevated inflation and higher interest rates, a Fitch Group unit said.

'We prefer the larger first-tier banks over the smaller second-tier names from a fundamental standpoint given growth and asset quality pressures from high interest rates and inflation ...,' CreditSights said in an updated report.

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