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Yields on one-week term deposits drop

YIELDS on the one-week term deposits eased on Wednesday as the central bank lowered the volume of its facility to a record low.

BSP trims TDF offering to P10B

THE BANGKO SENTRAL ng Pilipinas (BSP) lowered the volume of its term deposit facility (TDF) offering next week to P10 billion — the lowest in history — due to upcoming holidays.

Banks’ rediscount borrowings increase in March

BANKS TAPPED more loans via the central bank’s rediscounting window in March, as credit for businesses and capital purchases rose during the period.

BSP approves operations of 3 new VC exchanges

THE CENTRAL BANK approved last month the operations of three new virtual currency (VC) exchanges in the Philippines.

BSP signs currency settlement deals with ASEAN central banks

THE BANGKO SENTRAL ng Pilipinas (BSP) has forged agreements with the central banks of Indonesia, Malaysia and Thailand as they look to set up direct settlement systems across currencies.

Yields on term deposits decline on strong demand from lenders

DEMAND FOR term deposits nearly doubled this week, driving yields down as more banks wanted to park their excess funds under the central bank’s watch.

Feb. M3 growth slowest in 6 years at 7.1%

MONEY supply growth eased further in February to post its slowest level in over six years, in line with softer growth in bank loans, the Bangko Sentral ng Pilipinas (BSP) said yesterday.

Thrift banks to expand outreach to unbanked Filipinos

THE Chamber of Thrift Banks (CTB) said its members will seek to reach more unbanked Filipinos through new technology, in compliance with a Bangko Sentral ng Pilipinas (BSP) mandate to increase inclusivess.

Bids for term deposits decline as BSP slashes auction volume

DEMAND FOR term deposits was halved this week as the central bank slashed the auction amount, in anticipation of higher cash requirements next month.

BSP likely to cut rates by May

THE Bangko Sentral ng Pilipinas (BSP) will likely reduce key interest rates by May, noting that policy makers are likely growing more confident after inflation forecasts were slashed anew on Thursday.

Virtual currency ATMs need BSP approval

FINANCIAL FIRMS that will provide virtual exchange conversions via automated teller machines (ATMs) must get the central bank’s approval before offering such service to the public.

Yields on term deposits mixed ahead of BSP’s policy meeting

TERM DEPOSITS offered by the Bangko Sentral ng Pilipinas (BSP) saw mixed movements in yields this week, which comes a day ahead of a rate-setting meeting.

Record-high current account gap marks 2018

THE COUNTRY’s current account deficit ballooned in 2018 to exceed an official full-year forecast, fueled by a wider merchandise trade gap, the Bangko Sentral ng Pilipinas (BSP) reported on Friday.

TDF demand drops with just two tenors on offer

DEMAND for term deposits slipped this week as the central bank didn’t offer any one-month papers, although yields continued to drop for the shorter instruments.

Central bank to launch new clearing house for gov’t

THE CENTRAL BANK is looking to launch a new clearing house that will allow digital payments for government services, as part of a stronger push for online transactions.

Rediscount loans climb

BANKS TOOK more loans out of the central bank’s rediscount window in February, with the amounts poured into capital purchases and import payments.

Growth to stay above 6% in Q1 on spending, slower inflation

THE BANGKO SENTRAL ng Pilipinas (BSP) expects economic growth to remain above six percent this quarter, with the view that strong government spending will prop up domestic activity despite budget delays and as inflation slows.

Yields on term deposits decline as demand rebounds after RTBs

YIELDS ON term deposits fell across the board this week, supported by stronger demand as banks appear to remain awash with cash.

In Memory of Governor Nesting

Delivered by then Bangko Sentral ng Pilipinas Officer-in-Charge Maria Almasara Cyd N. Tuaño-Amador on Feb. 26 My dear colleagues: News of the Governor’s passing away on...

A banker to remember

The late Bangko Sentral ng Pilipinas (BSP) Governor Nestor A. Espenilla, Jr., who passed away last month after battling tongue cancer, practically devoted his...

A champion of financial inclusion

When he first took office as Bangko Sentral ng Pilipinas’ (BSP) Governor in May 2017, Nestor A. Espenilla, Jr. vowed to push for general...

An accomplished husband and father

It is commendable to see a successful man who doesn’t only excel at work but also at home. As many remember former Bangko Sentral...

Remembering BSP Governor Nestor A. Espenilla, Jr.

Testimonials BMAP joins the rest of the banking industry in honoring the memory of an upstanding leader, Governor Nestor Espenilla, Jr. He was Gov. Nesting...

M3, lending growth slow in Jan.

MONEY SUPPLY growth eased in January to post the slowest pace in over six years, matching a softer pickup in bank loans, the Bangko Sentral ng Pilipinas (BSP) said yesterday.

Yields on term deposits mixed

TERM DEPOSITS saw demand slip this week just as the government floated retail Treasury bonds (RTBs) to investors, with yields showing mixed movements across tenors.

Central bank chief Espenilla passes away

BANGKO SENTRAL ng Pilipinas (BSP) Governor Nestor A. Espenilla, Jr. passed away on Saturday, Feb. 23. He was 60. The central bank's Corporate Affairs Office...

BSP mulls floating debt notes

THE central bank will consider floating debt notes at a time of a significant surplus in the financial market, noting that future issuances will have to be coordinated with the national government to avoid crowding out Treasury papers.

BSP to simplify licensing requirements for e-payments firms

THE CENTRAL BANK will soon allow banks and other financial firms looking to offer basic digital financial services to start operations without securing prior approval from the regulator, amid an industry push towards e-payments.

Bonds ‘more attractive’ as PHL inflation slows

MANULIFE ASSET Management and Trust Corp. (MAMTC) said the bond market in the Philippines is a “little bit more attractive” as inflation is widely expected to decelerate in the coming months.

Term deposit rates drop

DEMAND SOARED for term deposits this week, pulling yields down across the board as the market remains awash with cash.

December cash remittances at record high, but 2018 growth slowest on...

CASH sent home by overseas Filipino workers (OFW) surged to an all-time high in December and clocked in full-year growth that outpaced the central bank’s growth forecast even as it was the slowest annual increase on record, according to the data which the Bangko Sentral ng Pilipinas (BSP) released on Friday.

Yields on term deposits inch up

APPETITE FOR term deposits picked up this week, pushing yields slightly higher as banks sought bigger returns for their excess cash.

Rediscount loans hit P14.5B in January

BANKS TAPPED the rediscount window of the Bangko Sentral ng Pilipinas (BSP) as the year opened, with the extra cash meant to support import payments and capital spending.

Comelec delivers election source code to BSP

THE Commission on Elections (Comelec) announced that the source code to be used in the automated elections in May was deposited in escrow at the Bangko Sentral ng Pilipinas (BSP) on Friday.

BSP seen keeping rates steady

THE CENTRAL BANK has enough room to keep interest rates steady over the next few months, global banks said in separate reports, noting that attention has shifted to market liquidity now that inflation has slowed.

TDF yields mixed ahead of BSP review

BANKS grew more comfortable about betting on term deposits this week, particularly the one-week tenor, ahead of the central bank’s policy meeting today.

Central bank to set standard for payments via QR code by...

THE CENTRAL BANK is looking to set a standard for quick response (QR) code payments by June, with the regulator eyeing two options for the new e-payment platform.

BSP removes higher branch fee for cities

THE CENTRAL BANK has removed higher licensing fees for banks to open new branches within cities in Metro Manila, alongside stringent requirements for granting bank licenses to simplify rules for bank expansions.

More banks open branch-lite units

THE Bangko Sentral ng Pilipinas (BSP) saw lenders put up smaller branches last year, as it hopes improvements in financial inclusion will be achieved with recent regulations that boost account ownership and digital payments.

Analysts expect Bangko Sentral to cut reserve requirement ratio

More market watchers are growing certain that the Bangko Sentral ng Pilipinas (BSP) will kick off the year with cuts to bank reserves prior to any policy rate adjustments.

Demand for term deposits drops ahead of BSP’s policy meeting

APPETITE FOR term deposits waned yesterday, driving yields up across the board ahead of the central bank’s rate-setting meeting next Thursday.

More bank offices built in towns, cities in 2018

MORE TOWNS in the Philippines had bank offices in 2018, with the central bank seeing further room to widen financial access through basic deposit accounts.

Yields on 7-day deposits drop as demand surges

BANKS FAVORED week-long term deposits this week, resulting in a sustained decline in yields for these papers despite an uptrend seen for longer tenors.

BSP revises capital calculation method for banks

THE BANGKO Sentral ng Pilipinas (BSP) said it has modified the calculation method for capital held by banks to better reflect holdings of higher-quality instruments.

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.