The exposure of Philippine banks and trust entities to the volatile property segment eased slightly to 20.17 percent of total loans in end-December 2023 from 20.55 percent in end-September last year, data from the Bangko Sentral ng Pilipinas showed.
A drone shot captures the picturesque view of Laguna Lake in the background of the Ortigas Business District on March 28, 2024.MANILA, Philippines — The exposure of Philippine banks and trust entities to the volatile property segment eased slightly to 20.17 percent of total loans in end-December 2023 from 20.55 percent in end-September last year, data from the Bangko Sentral ng Pilipinas showed.
Past due real estate loans, however, inched up by 2.4 percent to P135.26 billion. This came after past due commercial real estate loans increased by 4.4 percent to P39.99 billion, while past due residential real estate loans went up by 1.5 percent to P95.27 billion. Meanwhile, real estate investments in debt and equity securities grew by 5.9 percent to P410.65 billion from P436.3 billion the previous year.
These measures also include the heightened surveillance of banks’ real estate and project finance exposures, and the real estate stress test thresholds for universal and commercial banks as well as thrift banks. The government upsized its short-term securities to P17 billion as rates slipped across the board ahead of the policy meeting...
Finance Secretary Ralph Recto has floated the potential of a free trade agreement with Canada as he sought more economic and...
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