Philippine banks' non-performing loan ratio slightly fell to 3.54% in November 2024, totaling P520.530 billion.

The gross non-performing loan (NPL) ratio of Philippine banks slightly decreased to 3.54% in November 2024, down from 3.60% in October but up from 3.41% in November 2023. The total loan portfolio reached P14.719 trillion, with bad loans amounting to P520.530 billion. Universal and commercial banks had a 3.28% NPL ratio, thrift banks had 6.85%, and digital banks averaged 10.30%.