
Rajiv MenonFinance
Philippine Credit Card Bad Debts Jump to P68 Billion as Inflation Bites
Non-performing card balances outpaced overall lending growth between March and June, rising 11.8 per cent across commercial bank portfolios.
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Non-performing card balances outpaced overall lending growth between March and June, rising 11.8 per cent across commercial bank portfolios.

Philippine household consumption growth dropped to 1.9% in the second quarter as 7.2% inflation and higher borrowing costs pinched family budgets.
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