How the Philippines’ Nonperforming Loans Compare With Its Neighbors
In 2024, the Philippines’ nonperforming loans (NPL) ratio rose slightly to 3.3%, totaling $8.63 billion, according to the inaugural by the . This exceeded Southeast Asia’s average NPL ratio of 2.6% and Asia’s 1.6%. The report monitors NPL trends across Asia to support policy alignment and market development.
