Bad bank loans climbed to nine-month high in August
Bad loans in the Philippine banking system climbed to a nine-month high in August, as lenders—squeezed by narrower margins from falling interest rates—may have turned to riskier retail borrowers in search of higher returns. Latest data from the Bangko Sentral ng Pilipinas showed that nonperforming loans (NPL), or debts overdue by at least 90 days
