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Yields on term deposits decline as liquidity continues to improve

YIELDS on term deposits fell across the board yesterday, mirroring a downtrend in bond yields as liquidity improved in the market.

SpeedyPay secures e-money issuer license from BSP

SPEEDYPAY, Inc. has received a license to operate as an e-money issuer (EMI) in the Philippines.

BSP downplays effect of Hanjin default on banking industry

LOCAL banks’ exposure to embattled firm Hanjin Heavy Industries and Construction Philippines (HHIC-Philippines) is “negligible,” a senior central bank official said, noting that local lenders are well-placed to weather these loan defaults.

Rediscount borrowings surge on funding needs

MORE BANKS turned to the central bank to avail of short-term loans in 2018, with the figure surging compared to a year ago due to higher funding needs for investments.

Demand for BSP’s term deposits rebounds

DEMAND FOR term deposits recovered yesterday across all tenors, showing improved liquidity after some tightness observed during the holiday season.

BSP sets rules on loan limits for NSSLAs

THE CENTRAL BANK published new rules to streamline the process of computing loan limits for non-stock savings and loans associations (NSSLAs) to better manage credit risks.

BSP’s Espenilla goes on medical leave again

BANGKO Sentral ng Pilipinas Governor Nestor A. Espenilla, Jr. will be on leave for more than two weeks to seek medical treatment overseas.

BSP trims term deposit auction volume to P30B

THE CENTRAL BANK has slashed the amount of term deposits it will auction off this week to the lowest level in over two years due to weaker demand from banks just before the holiday season wraps up.

From the Front Page: Strong lending, widening gap

Your weekly recap of BusinessWorld news.

Demand for term deposits drops

DEMAND for term deposits thinned this week, with the Bangko Sentral ng Pilipinas (BSP) even rejecting some offers as banks asked for higher yields than usual.

Thrift banks’ bad loans expand at end-October

SOURED DEBTS held by thrift banks continued to climb in October, latest central bank data showed, with reserves for possible losses enough to cover just half the amount.

Bangko Sentral income surges to P48.33 billion in first 10 months

THE CENTRAL BANK saw its net income rise fourfold as of October, driven by huge gains from foreign exchange at a time of a weaker peso.

Bids for term deposits decline ahead of holidays

BIDS FOR term deposits plunged this week, as banks chose to hold more cash ahead of the holidays.

From the Front Page: Trade deficit, halted inflation, ease of business

Your weekly recap of BusinessWorld news.

Wider trade gap seen in 2018, 2019 — BSP

THE central bank expects external trade to balloon to a wider deficit this year and in 2019 as imports are seen to surge faster and as global growth tapers off.

Economists see RRR cuts as inflation eases

THE CENTRAL BANK may now proceed with planned cuts in bank reserves next year as inflation is sure to go down, bank analysts said.

Demand for term deposits surges

DEMAND FOR term deposits soared this week, with players crowding the one-week tenor ahead of the central bank’s rate-setting meeting.

BSP likely to hold fire on rates — Fitch

THE central bank will likely keep rates steady this week but may still push on with fresh rate hikes by 2019, Fitch Solutions said in a report.

Rediscount loans hit P9.6 billion in Nov.

BANKS took additional loans from the central bank’s rediscount window in November, boosting money supply to service bigger capital expenses and commercial lending.

FX buffer edges up as of end-November but smaller than a...

GROSS INTERNATIONAL RESERVES (GIR) — which help shield the country from foreign exchange shocks — roughly steadied as of end-November from their end-October level, propped up by income from the central bank’s investments abroad, but was six percent less than the year-ago amount, according to data released on Friday by the Bangko Sentral ng Pilipinas (BSP).

Stratbase forum charts PHL outlook on economy, politics, international relations

BANGKO Sentral ng Pilipinas (BSP) Deputy Governor Diwa C. Guinigundo said the “strong political capital” of the Duterte administration has provided government a leverage to push for policies that would further improve the country’s economy.

Yields on term deposits go up

DEMAND for term deposits improved this week but failed to fill the auction amount set by the central bank, driving yields higher into the five percent level.

Money supply growth at three-year low

MONEY SUPPLY growth eased to a three-year low in October, reflecting a decline in foreign assets as dollar reserves dropped further during the month, the Bangko Sentral ng Pilipinas (BSP) said.

Yields on term deposits down as demand drops

BANKS TRIMMED their placements in term deposits yesterday ahead of the long weekend, which drove yields down from last week’s all-time high.

Universal, commercial banks’ NPLs rise in September

SOURED DEBTS held by big banks rose further in September, but its share in their total loans remained modest despite bigger credit lines extended during the period, latest central bank data showed.

BSP to exempt some trust accounts from bank reserves

THE central bank will soon exempt certain trust accounts from bank reserves, a senior official said, which refer to special-use funds kept as deposits from companies.

Credit gap in agriculture seen over P360B — BSP

BANK financing remains out of reach for most agricultural firms, with the central bank noting that the credit gap worth over P360 billion as lenders skirt lending quotas under the law.

Yields on term deposits surge

YIELDS ON term deposits surged to fresh highs yesterday, with banks crowding all three tenors following a fresh rate hike from the Bangko Sentral ng Pilipinas (BSP).

BSP plans to sanction lenders that fail to join digital clearing...

THE CENTRAL BANK is looking to sanction lenders that will fail to join the industry’s digital clearing houses by end-November, possibly via a ban on offering new products.

Senate OK’s bill raising BSP’s capitalization to P200B

THE SENATE on Monday passed on third and final reading the bill raising the capital of the Bangko Sentral ng Pilipinas (BSP) to P200 billion from P50 billion.

From the Front Page: FDI down, interest rates raised anew

Your weekly recap of BusinessWorld news.

October sees smaller hot money net outflow

FOREIGN PORTFOLIO investments continued to leave the Philippines in October, although the net outflow that month was far less than a year ago and in September, the Bangko Sentral ng Pilipinas (BSP) said on Friday.

BSP tweaks peso debt pricing rules for new valuations

THE CENTRAL BANK has tightened rules on the pricing of peso debt securities, taking into account new valuations for these papers.

Bids for term deposits down ahead of BSP review

DEMAND for term deposits waned this week ahead of the central bank’s upcoming policy review, with players also seeking higher yields amid uncertainty on interest rates.

Thrift banks told to boost buffers as NPLs climb

THE BANGKO SENTRAL ng Pilipinas (BSP) has cautioned thrift banks about the rising share of problem debts in their loans, with the regulator asking players to beef up buffers against potential losses.

BSP eyes 25% exposure limit for banks

By Melissa Luz T. Lopez, Senior Reporter THE CENTRAL BANK is looking to introduce a new measure that will cap credit exposures of banks, as...

Rediscount loans climb on tighter money supply

Rediscount loans climb on tighter money supply

Banks required to form task force on payment systems

By Melissa Luz T. Lopez, Senior Reporter THE Bangko Sentral ng Pilipinas (BSP) has required banks and players to set up a task force to...

BSP closes Quezon City bank

THE BANGKO SENTRAL ng Pilipinas (BSP) has shut down a bank based in Quezon City, bringing the number of closed lenders to 12 this year.

Yields on BSP’s term deposits climb further despite demand

YIELDS ON term deposits rose further this week as market players put forward higher bids to match the bigger offerings of the central bank.

Liquidity growth slowest in nearly three years

MONEY SUPPLY growth eased anew in September to post its slowest pace in almost three years, the central bank said, as bank lending also cooled at a time of higher interest rates.

Yields on term deposits go up

YIELDS fetched on term deposits climbed anew this week as the central bank reduced the amounts offered during Wednesday’s auction.

BSP declares financial system stable, poised for growth

THE financial system is sound and robust and will sustain its growth despite growing external uncertainties, the Bangko Sentral ng Pilipinas’ (BSP) said in a half-year report.

Toward a more robust and transparent consumer lending

In 2017, consumer loans in the Philippine banking system reached P1.49 trillion, up 17.3% from the P1.27 trillion worth of consumer loans recorded by...

Yields on term deposits mixed as banks swamp shorter tenors

YIELDS FETCHED for term deposits saw mixed movements this week amid cooling demand, with banks still choosing shorter lock-in periods for their excess funds under the central bank.