FITCH EYES BANKING RECOVERY NEXT YEAR; EXCESS CASH MAY FUEL CREDIT

© Provided by BusinessWorld THE PHILIPPINE BANKING INDUSTRY, which has not been spared from the global pandemic, is expected to recover moderately next year amid improving loan growth and as bad debts decline, Fitch Ratings said on Monday. “Loan growth is likely to accelerate with the resumption of business and consumer spending, buoying revenues and offsetting the pressure on margins...

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