Gross non-performing loans climbed to ₱585.08 billion in July even as total overdue loans declined.
TransUnion data shows more Filipinos are turning to credit as emergency, personal, and family expenses put pressure on household finances.
Developer taps BPI financing as it advances capital spending and the planned redevelopment of Alabang Town Center.
The Aboitiz-led lender posted a 113% jump in first-half earnings as higher consumer loans, deposits, and everyday banking transactions continued to drive growth.
The bank set aside ₱13.3 billion to cover loans it expects may not be repaid, citing a weaker macroeconomic outlook.
Thrift banks, with ₱1.4 trillion in assets, are well-positioned to serve more borrowers as demand for consumer lending continues to rise.
The telco obtained fresh financing as data-related investments continue to account for most of its capital spending.
Outstanding bank loans climbed 12.1% in May, while money supply recorded its fastest growth since August 2020.
Several technology-based companies received government grants designed to spur commercial activity, strengthen entrepreneurial growth, and support innovations with market potential.
Adaptable payment terms and credit limits, combined with instant approval processes and card-free payment options, attract customers to the scheme.
