The Philippine banking system’s asset base has grown steadily over the last 6-7 years. 2  BIS Review 24/2008  The overall asset quality of banks continued to improve as well, with the NPL ratio now moving closer to the pre-crisis level of around 4 percent.
12  For example, in Canada discounted 5-year mortgage rates have declined by about 470 basis points since 2000, from just above 7.25 per cent to 2.55 per cent. 4  BIS central bankers’ speeches  Credit conditions have been positively affected by financial liberalization and innovation.