THE collective nonperforming loan (NPL) ratio of Philippine banks edged down in November from the two-year high recorded a month earlier, data from the Bangko Sentral ng Pilipinas (BSP) showed.
The bad loan ratio, which covers past-due loans where the principal or interest is unpaid for 90 days or more after the due date, eased to 3.54 percent from October's 3.6 percent. It was, however, still higher than the year-earlier 3.41 percent.
