Read this in The Manila Times digital edition.
A DELAY in policy rate cuts could prolong Philippine banks' record-high interest margins (NIM), Fitch Ratings said on Monday, prompting the debt watcher to revise the banking sector outlook to "improving" from "neutral."
"This, coupled with a sustained rise in higher-yielding consumer lending and rollout of key infrastructure projects, is likely to buoy banks' revenue prospects for the rest of 2024," it added.
Already have an active account? Log in here.
Continue reading with one of these options:
Continue reading with one of these options:
Premium + Digital Edition
Ad-free access
P 80 per month
(billed annually at P 960)
- Unlimited ad-free access to website articles
- Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)
TRY FREE FOR 14 DAYS
See details
See details
If you have an active account, log in
here
.