Philippine Banks Increase Loan Provisions Amid Inflation and Conflict

Philippine banks have significantly increased their provisions for potential loan losses, the highest since 2008, in anticipation of defaults as the Middle East conflict exacerbates economic weakness and inflation.

29 Jul, 05:13 — 29 Jul, 05:13

Post Share

Sources

Showing 1 of 1 sources

bloombergHigh33d ago

Philippine Banks Set Aside More Loan Provisions as Inflation Surges on War

Philippine banks have set aside the most funds for potential loan losses since at least 2008, bracing for defaults as the Middle East conflict weighs on an already weak economy.

By Cliff Venzon and Ditas B Lopez

Read full article →

Philippine Banks Increase Loan Provisions Amid Inflation and Conflict

Sources

Philippine Banks Set Aside More Loan Provisions as Inflation Surges on War

Related Stories

Lionel Messi Retires From Argentina National Team After Two Decades

Deadly Flash Flood Hits Grand Canyon, Leaving Dozens Missing

EU Forces Intercept Suspected Russian Shadow Fleet Tanker in Mediterranean

Leaders Gather at SCO Summit in Kyrgyzstan to Discuss Multipolar Order