Household debt in the Philippines remains “relatively low” but family financial vulnerabilities could pose risks to the banking sector, the interagency Financial Stability Coordination Council (FSCC) said on Tuesday.
“Household indebtedness, derived from the expenditure accounts of FIES (Family Income and Expenditure Survey), is relatively low at P185 billion or 8.4 percent of indebted households’ income,” the FSCC said in its just-released 2017 Financial Stability Report.
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