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YIELDS ON term deposits offered by the Bangko Sentral ng Pilipinas (BSP) dropped on Wednesday following the central bank’s surprise rate cut last week.
A NEW SYSTEM for assessing “dirty money” and terrorism financing risks in financial institutions has been approved by the Bangko Sentral ng Pilipinas (BSP).
THE BANGKO SENTRAL ng Pilipinas (BSP) has released proposed guidelines for the management of liquidity risks by Islamic banks and banking units for Shariah-compliant instruments.
THE Bangko Sentral ng Pilipinas (BSP) unexpectedly cut benchmark rates to new record lows on Thursday, the fifth reduction this year, citing the continued uncertainty caused by a fresh surge in coronavirus cases globally and the impact of recent typhoons on the struggling economy.
BANKS CONTINUE to be armed by strong buffers as defense versus the impact of the coronavirus pandemic on their asset quality, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said.
THE CENTRAL BANK will likely observe a pause in its rate easing with liquidity ample, but it could be keeping another reduction in reserve to boost growth pending a further easing in the quarantine sometime next year, HSBC (Hongkong and Shanghai Banking Corp. Ltd.) said.
THE BANGKO SENTRAL ng Pilipinas (BSP) is working with Singapore’s central bank to promote data connectivity among financial institutions to beef up the management of risks related to money laundering, terrorism financing and cyberattacks.
THE Bangko Sentral ng Pilipinas (BSP) said it is evaluating the timing of moves to wind down its stimulus program as the economy recovers, in order to avoid any negative effects from policy action taken during the height of the crisis, such as the persistence of low interest rates.
YIELDS ON term deposits offered by the Bangko Sentral ng Pilipinas (BSP) rose on Wednesday on expectations of faster October inflation.
THE CENTRAL BANK is backing legislative measures that seek to narrow the digital divide in the country to push financial inclusion in rural areas, said Bangko Sentral ng Pilipinas Governor Benjamin E. Diokno.
MOST BANKS remained strict in their loan standards during the third quarter, with many expected to further tighten lending criteria in the fourth quarter as the pandemic drags on, according to a survey by the Bangko Sentral ng Pilipinas (BSP).
THE CENTRAL BANK’S financial inclusion and digitalization goals are likely to be met within the term of Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno as more Filipinos shift to online transactions amid the coronavirus pandemic.
THE BANGKO SENTRAL ng Pilipinas (BSP) will require banks to submit collateral documents online for the verification of rediscount loans availed by lenders as the coronavirus pandemic continues.
YIELDS ON term deposits offered by the Bangko Sentral ng Pilipinas (BSP) were higher on Wednesday, tracking rates of US government bonds on hopes for a fresh stimulus to prop up the world’s largest economy amid the coronavirus pandemic.
MILLIONS OF new accounts have been opened with financial institutions to facilitate the receipt of government aid, mainly the Social Amelioration Program (SAP), but also to enable users to make digital payments and access credit during the pandemic, the central bank said.
HEADLINE INFLATION this year could be lower than expected as risks remain tilted towards the downside amid the ongoing pandemic, a senior central bank official said.
YIELDS ON term deposits offered by the Bangko Sentral ng Pilipinas (BSP) were mixed on Wednesday as the country’s Finance chief said the government is looking to borrow more from the domestic market next year.
THRIFT LENDERS have disbursed P80 billion in loans to micro-, small-, and medium-sized enterprises (MSMEs) that qualify as alternate reserve requirement compliance, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said on Tuesday.
THE CENTRAL BANK is looking to release its digital banking policy framework this year to provide guidance to financial institutions targeting to provide such services.
THE central bank is likely to continue with its pause in easing rates until at least the end of 2020, with headline inflation not expected to dip below the benchmark interest rate of 2.25%, according to a Bank of the Philippine Islands (BPI) economist.
BIG AND THRIFT banks did not meet the required lending for small businesses in the first quarter, data from the Bangko Sentral ng Pilipinas (BSP) showed.
HEADLINE INFLATION in September likely settled between 1.8% and 2.6% due to the lower prices of basic goods and the continued appreciation of the peso, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said on Wednesday.
THE CENTRAL BANK will likely resume easing by the first quarter of 2021, which could help boost bank lending as borrowers are still worried amid uncertainties due to the coronavirus pandemic, Hongkong and Shanghai Banking Corp. (HSBC) Global Research said.
CONFIDENCE among Filipino consumers fell to a record low in the third quarter, while businesses were at their most pessimistic in over 11 years, as the pandemic took its toll on the economy, the latest surveys by the Bangko Sentral ng Pilipinas (BSP) showed.
YIELDS ON term deposits auctioned off by the Bangko Sentral ng Pilipinas (BSP) mostly inched up on Wednesday following the release of data showing a budget deficit in August.
THE central bank may maintain the low interest rate environment in the next two years to provide support to the economy amid uncertainty caused by the coronavirus disease 2019 (COVID-19) pandemic.
YIELDS ON term deposits auctioned off by the Bangko Sentral ng Pilipinas (BSP) mostly fell on Wednesday ahead of the central bank’s maiden offering of securities on Friday.