PH midsize banks more vulnerable to bad-debt shock, S&P says

PH midsize banks more vulnerable to bad-debt shock, S&P says

MANILA, Philippines — Some midsize Philippine banks could be more exposed than the country’s largest lenders if bad debts doubled, S&P Global Ratings said, warning that the rapid growth of unsecured retail loans could imperil asset quality. In a note Tuesday, S&P said its stress test showed that two of the 10 largest Philippine banks by