BUSINESSJul 29 · 05:13 UTCBLOOMBERGCliff Venzon and Ditas B Lopez

Philippine Banks Set Aside More Loan Provisions as Inflation Surges on War

Philippine banks have allocated the highest funds for potential loan losses since at least 2008, anticipating defaults due to the Middle East conflict's impact on an already weak economy.

Nexus surfaces and summarizes. The full story lives at the source.

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Philippine banksorganizationloan provisionstopicInflationtopicMiddle East conflicttopicPhilippine economytopic

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