Highlights of the results of the Banking Sector Outlook Survey (BSOS) for the First Semester of 2021 reveal the following: First, banks continue to view the Philippine banking system as stable with prospects of double-digit growth in assets, loans, investments, deposits and net income.
Second, all banks continue to expect a downgrade in the quality of their loans with a nonperforming loan (NPL) to total loan ratio of above 5 percent. In particular, Universal/Commercial banks (UKBs) estimate their NPL to settle between 3.0 percent and 6.5 percent.