PH banks’ loan quality at risk from oil shock

Philippine banks may come under pressure from the war in the Middle East, Fitch Ratings warned, saying a prolonged conflict could keep oil prices elevated and disrupt remittances from the Gulf—developments that could weaken borrowers’ ability to repay their debts. At a webinar last week, Jonathan Cornish, head of Fitch’s Asia-Pacific bank team, said lenders’ […]... Keep on reading: PH banks’ loan quality at risk from oil shock

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