Gross non-performing loans climbed to ₱585.08 billion in July even as total overdue loans declined.
Transport inflation rose to 13.5% in August, driven by fuel price hikes and rising commute costs.
Families face growing financial pressure as rice inflation jumped to a two-year high of 19.4% this month.
Headline inflation slowed to 6.1% in August from 6.2% in July, says PSA.
The central bank says the Philippines needs to save more, but household budgets leave many Filipinos with little money to set aside.
Strongest growth in nearly 10 years.
eWallets and digital banks are gaining ground as financial concerns persist and more Filipinos look for ways to save, pay and borrow.
Price pressures continued to slow for a third straight month, but officials warned that electricity and food costs remain key risks.
Inflation among the bottom 30% of income households rose to 8.2%, driven by higher prices of food, electricity, and other essential expenses.
Producer prices rose 3% in June, slower than May.
