NPL ratio eases in November

THE PHILIPPINE banking system’s gross nonperforming loan (NPL) ratio eased in November, preliminary data from the Bangko Sentral ng Pilipinas (BSP) showed. The industry’s gross NPL ratio slipped to 3.54% in November from the over two-year high of 3.6% in October. However, it rose from 3.41% in the same month a year ago. Data from