-- Philippine banks remain in "good shape" despite concerns raised by a few lenders over capital levels, Business World reported Tuesday, citing the Bangko Sentral ng Pilipinas.
Governor Eli M. Remolona Jr. said the banking system is in strong shape, with capital adequacy at about 16% and liquidity well above global benchmarks. He noted that loan growth remains steady and non-performing loans have not shown a sharp increase so far, reportedly.
Credit conditions, however, are being closely monitored as some slowdown in lending is observed. The central bank also said the country's foreign reserves remain sufficient to support financial stability amid external shocks, the news outlet said.
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