Non-performing loans less provisions reached -33.8 PHP bil in 2017 in Philippines, according to the National Central Bank. This is 4.92 % more than in the previous year.
Historically, non-performing loans less provisions in Philippines reached an all time high of -11.5 PHP bil in 2008 and an all time low of -56.5 PHP bil in 2012. When compared to Philippines's main peers, non-performing loans less provisions in China amounted to -1,389 CNY bil and 55,147 IDR bil in Indonesia in 2017.
Philippines has been ranked 68th within the group of 74 countries we follow in terms of non-performing loans less provisions.
Loan loss provisions (also known as "valuation allowance" and "valuation reserve") are an expense creditors budget as an allowance for bad loans.