In 2021, the ratio of non-performing loans (NLP) to total gross loans in the Philippines increased by 0.4 percentage points (+11.33 percent) since 2020. With 3.96 percent, the ratio thereby reached its highest value in the observed period. A nonperforming loan is a loan that is in default because the borrower has not made the scheduled payments for a specified period. A bank loan is considered non-performing when more than 90 days pass without the borrower paying the agreed instalments or interest.
According to the source, bank nonperforming loans to total gross loans are the value of nonperforming loans divided by the total value of the loan portfolio (including nonperforming loans before the deduction of specific loan-loss provisions). The loan amount recorded as nonperforming should be the gross value of the loan as recorded on the balance sheet, not just the amount that is overdue.
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World Bank. (June 28, 2024). Ratio of bank nonperforming loans to total gross loans in the Philippines from 2012 to 2021 [Graph]. In Statista. Retrieved July 27, 2024, from https://www.statista.com/statistics/1173505/philippines-bank-nonperforming-loans-to-total-gross-loans-ratio/
World Bank. "Ratio of bank nonperforming loans to total gross loans in the Philippines from 2012 to 2021." Chart. June 28, 2024. Statista. Accessed July 27, 2024. https://www.statista.com/statistics/1173505/philippines-bank-nonperforming-loans-to-total-gross-loans-ratio/
World Bank. (2024). Ratio of bank nonperforming loans to total gross loans in the Philippines from 2012 to 2021. Statista. Statista Inc.. Accessed: July 27, 2024. https://www.statista.com/statistics/1173505/philippines-bank-nonperforming-loans-to-total-gross-loans-ratio/
World Bank. "Ratio of Bank Nonperforming Loans to Total Gross Loans in The Philippines from 2012 to 2021." Statista, Statista Inc., 28 Jun 2024, https://www.statista.com/statistics/1173505/philippines-bank-nonperforming-loans-to-total-gross-loans-ratio/
World Bank, Ratio of bank nonperforming loans to total gross loans in the Philippines from 2012 to 2021 Statista, https://www.statista.com/statistics/1173505/philippines-bank-nonperforming-loans-to-total-gross-loans-ratio/ (last visited July 27, 2024)
Ratio of bank nonperforming loans to total gross loans in the Philippines from 2012 to 2021 [Graph], World Bank, June 28, 2024. [Online]. Available: https://www.statista.com/statistics/1173505/philippines-bank-nonperforming-loans-to-total-gross-loans-ratio/