DBP braces for rise in bad loans from flood mess fallout

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Originally published byPhilippine Daily Inquirer

MANILA, Philippines — State-run Development Bank of the Philippines (DBP) is bracing for an increase in its nonperforming loans (NPL) ratio as the fallout from the flood control corruption scandal slows government spending and delays payments. DBP President and CEO Michael de Jesus told reporters that the bank expects its NPL ratio to rise by […]...

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