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March 22, 2023

Creditsights says PH banks show excellent performance

The credit analyst and strategist said that major PH banks have been showing exemplary performance.

Creditsights, an independent credit analyst and strategist, cited Philippine banks’ first-half performance, with profitability gradually nearing pre-pandemic levels. CreditSights said in a report that banks sustained the gradual reopening of the economy. Seven local banks, namely Philippine National Bank (PNB), BDO Unibank (BDO), UnionBank of the Philippines (UBP), ), Security Bank (SECB) Rizal Commercial Banking Corp. (RCBC), Bank of Philippine Islands (BPI), and Metrobank (MBT), were cited to have bene resilient and market performing.

It also noted that MBT, BDO, and BPI have stronger loss absorption and capital buffers.