non-performing-loans | ABS-CBN News

Advisory group sees rise in real estate non-performing loans

Warren de Guzman, ABS-CBN News
Posted at Feb 01 12:04 AM

Prime Philippines CEO Jet Yu is forecasting some troubled times for both real estate buyers and developers this year. Read more »

Bad loans in real estate seen rising amid high costs, rates

Warren de Guzman, ABS-CBN News
Posted at Jan 31 07:50 PM

A Filipino-led real estate advisory firm said it expects a rise in non-performing loans (NPLs) from both real estate buyers and real estate developers later this year. Read more »

Bad loans decline even as credit card use rises: BSP

Warren de Guzman, ABS-CBN News
Updated as of Oct 17 02:43 PM

Philippine banks have reported fewer bad loans in spite of the increase in credit card use in the past year, the Bangko Sentral ng Pilipinas said on Monday. Read more »

BSP says PH banks not ‘under threat’

Warren de Guzman, ABS-CBN News
Updated as of Feb 16 04:17 PM

In a report released Tuesday, the World Bank cited the Philippines as an example of countries where bad or unpaid debt is becoming a problem. Read more »

Metrobank net income rises to P16.1-B in first 9 months

ABS-CBN News
Posted at Nov 05 08:56 AM

Metropolitan Bank & Trust Co (Metrobank) on Friday said its net income grew 46 percent to P16.1 billion in the first 9 months of 2021. Read more »

BDO says earnings back to pre-pandemic level

ABS-CBN News
Posted at Oct 25 12:28 PM

BDO Unibank on Monday said its net income for the first 9 months of 2021 reached P32.4 billion which brought earnings back to pre-pandemic levels. Read more »

Banks tighten lending standards in Q3: BSP survey

ABS-CBN News
Posted at Oct 21 09:39 PM

The BSP said banks became stricter about lending money to businesses and consumers in the July to September period, based on its survey. Read more »

BPI posts P17-B net income, up 1.8 pct in Jan-Sept

ABS-CBN News
Posted at Oct 21 12:59 PM

BPI posted a net income of P17.5 billion from Jan. to Sept., up 1.8 percent from the same period last year, driven by lower provisions for bad loans. Read more »

PH banking system 'stable' as total assets grow: BSP

ABS-CBN News
Posted at Sep 22 05:25 PM

The Philippine banking system remains stable despite the ongoing COVID-19 pandemic as total assets grew, BSP data showed. Read more »

Banks still 'upbeat' but expect bad loans to remain high: BSP

ABS-CBN News
Posted at Jul 21 07:02 PM

The Bangko Sentral ng Pilipinas said Wednesday the banking industry remains optimistic despite forecasting the bad loan ratio remaining high in the short term. Read more »

SEC releases draft rules of FIST law

ABS-CBN News
Updated as of Feb 19 05:41 PM

The Securities and Exchange Commission (SEC) has released Friday the draft implementing rules and regulations (IRR) of the newly passed law that will help banks and financial institutions managed risk from piling bad loans amid the COVID-19 crisis. Read more »

No write-off, no condonation: DBP officials belie claims Lopez firms have unpaid debt

ABS-CBN News
Posted at Feb 17 08:57 PM

Companies under the Lopez Group and its former unit Maynilad Water Services have no unpaid loans with the state-run DBP, bank officials said Wednesday. Read more »

DBP belies allegations it condoned loans from Lopez group

ABS-CBN News
Posted at Jan 18 06:14 PM

State-owned DBP on Monday belied allegations that it condoned or wrote off loans from businesses belonging to the Lopez Group of companies. Read more »

Banks keeping lending tight despite record low interest rates: BSP

ABS-CBN News
Posted at Oct 29 08:48 PM

Philippine banks remain reluctant to lend to businesses and households despite the central bank’s moves to encourage more lending to stimulate the economy, the Bangko Sentral ng Pilipinas (BSP) said on Thursday. Read more »

BDO posts P12.3-B income in the third quarter, cautions pandemic impact not yet over

ABS-CBN News
Updated as of Oct 26 03:09 PM

BDO Unibank said on Monday it posted P12.3 billion in net income in the third quarter despite the continuing impact of the pandemic. Read more »

Bangko Sentral backs FIST bill allowing banks to offload bad loans

ABS-CBN News
Posted at Sep 02 10:51 PM

BSP said the Financial Institutions Strategic Transfer (FIST) Act “will assist the financial system perform its role efficiently, mobilizing savings and investments for the country’s economic recovery as well as its sustained growth and development.”   Read more »

Measures eyed to help banks offload non-performing loans: BSP

ABS-CBN News
Posted at Aug 24 10:58 AM

Measures have been filed in both chambers of Congress that would help banks offload their non-performing loans, the Bangko Sentral ng Pilipinas said Monday.   Read more »

SONA 2020: Duterte backs bill allowing banks to dispose of bad loans

ABS-CBN News
Posted at Jul 27 11:12 PM

President Rodrigo Duterte on Monday called on lawmakers to pass a bill allowing banks to dispose of bad loans by transferring them to asset management companies.  Read more »

BSP says Philippine banks can withstand increase in bad loans caused by pandemic

ABS-CBN News
Posted at May 07 06:35 PM

The Bangko Sentral ng Pilipinas said Thursday the country’s banks are strong enough to withstand a possible increase in the number of non-performing loans as businesses reel from the effects of the COVID-19 pandemic.  Read more »