Manila, Feb. 13 -- The proportion of non-performing loans (NPLs) of Philippine banks to their total loans fell to a one-year low of 3.27 percent in December last year.

Recent data from the Bangko Sentral ng Pilipinas (BSP) showed that the NPL ratio was the lowest recorded since 3.24 percent in December 2023.

In November 2024, the NPL ratio settled at 3.54 percent.

BSP data showed that the gross non-performing loans amounted to PHP500.32 billion, higher than the PHP449.06 billion in December 2023.

It was, however, lower than the PHP520.48 billion in November last year.

In a Viber message Thursday, Rizal Commercial Banking Corporation chief economist Michael Ricafort said the lower NPL ratio during the month could be attributed to the ...