Asset quality and credit risk were considered as top risks to bank operations in the next two years, according to the results of a Bangko Sentral ng Pilipinas (BSP) survey. Know more:
ASSET quality and credit risk were considered as top risks to bank operations in the next two years, according to the results of a Bangko Sentral ng Pilipinas survey.
“Cognizant of these risks, banks have continuously strengthened various aspects of their risk governance to protect depositors, investors, and institutions,” the BSP report stated. The BSP said the level of optimism was supported by expectations of double-digit growth in assets, loans, deposits, and net income, as well as general improvement in the banks’ asset and loan quality indicators.
By banking group, the NPL ratio projection of universal and commercial banks shifted to within the range of greater than 2 to 3 percent from the greater than 3 percent in the comparative year. Related to this, BSP said the majority of banks have already embarked on improving their digital capabilities to better serve their clientele.
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