July 22, 2013

Banks’ exposure to conglomerates normal

BDO Unibank Inc. chairperson Teresita Sy-Coson and  Metropolitan Bank &  Trust Co.president Fabian Dee shared the same view that loan exposure of big banks to the country’s conglomerates is very well managed and should not be a cause for concern.

BSP assistant governor for financial supervision research and consumer protection subsection Johnny Noe Ravalo said the banking sector is sound with regard to loan exposure to conglomerates as reflected in the improvement in the banks’ NPL ratios over the past 10 years. - WealthSec