The latest edition of’s quarterly banking report showed the aggregate loans of 46 universal and commercial banks jumped by 5.93% year on year to P10.15 trillion in the fourth quarter, quicker than the 3.24% growth in the preceding quarter.
Bad loans, also known as nonperforming loans , slipped by 7.11% to P371.65 billion in the October to December period, from P400.08 billion in the third quarter of 2021. Compared with the fourth quarter of 2020, NPLs grew by 20.34%. Relative to total assets, foreclosed real and other properties stood at 0.25%, dipping from third quarter’s 0.26%. This was also slightly lower compared with the 0.28% posted in the fourth quarter of 2020.
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