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flag Philippine banks' NPL ratio hits 3.6%, highest in over two years, signaling worsening loan quality.

flag Philippine banks' non-performing loan (NPL) ratio rose to 3.6% in October, the highest in over two years, indicating worsening asset quality. flag NPLs increased to P524.3 billion, up 16.7% year-on-year, while total loans stood at P14.55 trillion. flag The Bangko Sentral ng Pilipinas (BSP) could cut rates further next week as part of easing monetary policy, though this may contribute to higher NPLs.

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