Most Philippine banks maintained their credit standards for loans to businesses and consumers in the third quarter of 2024, the Bangko Sentral ng
Pilipinas said Friday.
The BSP said that in the modal approach, the results of the survey are analyzed by looking at the option with the highest share of responses, while in the DI approach, a positive DI for credit standards indicates that the proportion of respondent banks that have tightened their credit standards exceeds those that eased.
“This expectation is due to the deterioration in borrowers’ profiles and in the profitability and liquidity of banks’ portfolios, perception of stricter financial system regulations, and reduced tolerance for risk,” the BSP said. “This net tightening is mainly attributed to the deterioration in borrowers’ profiles and in the profitability of banks’ portfolios, as well as banks’ lower risk tolerance,” the BSP said.
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