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Oct 1, 2017 @ 10:40

PH banks to remain healthy & profitable — Moody’s


The credit rater gave a “stable” outlook for the Philippine banking system.

Moody’s Investors Service kept its outlook for Philippine banks, saying that good asset performance, strong loss buffers and ample liquidity will allow these financial players to keep growing and raking in more profits over the next year.

“The banks’ asset performance will be supported by a strong economy, and the private sector’s benign leverage and debt servicing metrics,” Moody’s said in a statement on Friday, Sept. 29.

“The stable outlook is based on Moody’s assessment of five drivers: operating environment (stable); asset quality and capital (stable); funding and liquidity (stable); profitability and efficiency (stable); and systemic support (stable).”

Credit growth will remain double-digit over 2017 and 2018, but would not be alarming as the Philippine economy remains growing.

Fund profiles will remain “strong” as loans remain largely backed by deposits, with banks also holding more than enough capital to support their operations. Profits are also seen stable over the next 12-18 months, Moody’s said.

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