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Soured bank loans spiked to over 2-yr high in July

By Inquirer - 2 months ago
Bad debts held by banks rose to their highest level in over two years in July, as many borrowers continued to struggle to pay their loans amid a high interest rate environment. Latest data from the Bangko Sentral ng Pilipinas (BSP) showed 3.58 percent of the total loan portfolio of the local banking sector was

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