Nonperforming loans ratio eases modestly in NovemberFrom AB Capital's The Opening Bell: Three MovesEventThe BSP reported that gross NPL ratio eased in November to 3.32% (vs 3.33% in Oct-25 and 3.54% in Nov-24) with improvements noted across consumer and corporate segments as repayment patterns slowly normalize. CatalystSustained NPL improvement is sensitive to employment and income trends, fiscal support, and credit growth. A significant GDP rebound could reduce NPL ratios further toward pre-pandemic levels; a renewed macro slowdown might stall or reverse progress, especially in consumer segments. ActionFor banks, we favor those with high CASA ratios and diversified books that can navigate credit cycles with limited margin deterioration. It is not to be construed as an offer or solicitation of an offer to sell or buy the securities herein mentioned.

Source: Philippine Star January 19, 2026 04:02 UTC