Expanding Network Our progressive regulatory issuances have allowed a wider range of financial products, a more expanded physical and virtual reach of financial services, more competition, easier on-boarding of customers, and more protection for financial consumers. To date, the wide range of microfinance services of banks cover nearly 1.7 million microentrepreneurs with an outstanding portfolio of P13 Billion.
As regards the NPL structure, the corporate sector still accounts for the largest share. It accounted for around 45% of total NPLs in December 2016. At the same time, the NPL ratio has been on a decline (17.5% at end-December 2016). The gross NPL ratio for the household sector is much lower than for corporates (it equalled 10% at end-December 2016).