PH banks can handle household debt risks

Oct 22, 2024 12:22 am

PHILIPPINE banks can handle rising household debt risks despite high interest rates compared to its regional peers, according to Moody's Ratings.

'In Indonesia and the Philippines, banks face a moderate level of risk, given that households are not highly leveraged and the stable operating environment of these banking systems will support overall asset quality,' Moody's Ratings AVP-analyst Jien Hoong Chew said in a commentary on Monday.

Already have an active account? Log in here to continue reading.
Or
Subscribe to the Premium Subscription plan to access this subscriber-exclusive article.

Related Articles

Economic team sees growth despite politics

Budget balance swings to P6.3B surplus in Oct

US Fed cites reasons to go slow on rate cuts

BSP policy easing boosts local bond market

Farmers seek carabeef ban from India

Megawide Construction Corp. announces annual stockholders' meeting

Seized frozen products to relief ops