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Digital banks’ bad loans eased to three-month low in April

By Inquirer - 3 months ago
MANILA, Philippines — Bad loans held by digital banks in the country eased to a three-month low in April, which likely softened cost pressures for this new breed of lenders as they navigate the path to profitability. Data from the Bangko Sentral ng Pilipinas (BSP) showed that digital banks’ nonperforming loans (NPL)—borrowings that are more

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