More banks hope to cut bad loans on better economy

The proportion of Philippine banks expecting better loan quality has increased amid improving economic conditions, contributing to lenders’ overall optimism over the next two years, the Bangko Sentral ng Pilipinas (BSP) reported. Results of the BSP’s 2023 Banking Sector Survey released on Thursday showed 48.7 percent of banks expecting their nonperforming loan (NPL) ratio to
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