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FOREIGN CURRENCY loans disbursed by local banks inched up in the last quarter of 2019 on the back of borrowing firms’ higher working capital requirements.
THE CENTRAL BANK is giving additional regulatory to financial institutions, including the imposition of a higher single borrower’s limit (SBL), removing penalties for reserve deficiencies, and providing leeway for some notification requirements amid disruptions caused by the coronavirus disease 2019 (COVID-19).
REDISCOUNT RATES have been lowered following the latest rate cut from the Bangko Sentral ng Pilipinas (BSP) and as part of the central bank’s additional regulatory relief for financial institutions due to disruptions caused by the coronavirus disease 2019 (COVID-19) outbreak.
THE Bangko Sentral ng Pilipinas (BSP) fired a widely expected rate cut on Thursday to shield the economy against the impact of the coronavirus disease 2019 (COVID-19) outbreak, joining central banks around the world that have eased to help boost activity amid an expected slowdown.
THE BANGKO SENTRAL ng Pilipinas (BSP) is urging financial institutions to carry out measures such as alternate work arrangements to safeguard employees against the coronavirus disease 2019 (COVID-19) outbreak while making sure financial services are available to the public.
YIELDS ON THE central bank’s term deposit facility (TDF) declined further on Wednesday amid developments in the coronavirus disease 2019 (COVID-19) outbreak and the recent drop in oil prices.
BANGKO SENTRAL ng Pilipinas (BSP) Governor Benjamin E. Diokno downplayed analysts’ expectations of a possible rise in nonperforming loans (NPLs) and slower credit growth due to the coronavirus disease 2019 (COVID-19) outbreak, saying local banks are “adequately capitalized” to withstand such risks.
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INFLATION probably settled at 2.4-3.2% in February due to lower fuel, utility and food prices, according to the Philippine central bank.
YIELDS ON the central bank’s term deposit facility (TDF) continued to decrease despite lower bids on Wednesday as investors remain wary of risks that may arise as the coronavirus disease 2019 (COVID-19) continues to spread and amid signals of another rate cut in the second quarter.
THE CENTRAL BANK will grant regulatory relief to banks and quasi-banks (QBs) to help them cope with the adverse effects of the African Swine Flu (ASF) and the coronavirus disease 2019 (COVID-19) on several sectors.
FINANCIAL institutions have been advised to stop withholding taxes on their payments to the Bangko Sentral ng Pilipinas (BSP) following the implementation of a BSP tax exemption under the New Central Bank Act.
TERM DEPOSIT yields slipped on Wednesday despite lower bids following the recent rate cut from the central bank and Fitch Ratings’ upgrade of its outlook on its assessment of the Philippines.
DOMESTIC claims of non-bank financial firms rose in the third quarter of 2019 supported by their investments and loans disbursed to the private sector, according to the Bangko Sentral ng Pilipinas (BSP).
TWO TO THREE banks have expressed interest to set up an Islamic banking unit in the country, according to Bangko Sentral ng Pilipinas Managing Director Arifa A. Ala.
INFLATION is likely to settle within the midpoint of the central bank’s target range this year until 2021, with risks tilting slightly upward, according to officials from the Bangko Sentral ng Pilipinas (BSP).
MOST LENDERS maintained their overall credit standards for both enterprises and households in the fourth quarter, a Bangko Sentral ng Pilipinas (BSP) survey found.
BANGKO Sentral ng Pilipinas Governor Benjamin E. Diokno dismissed the risks to the banking system posed by online gaming firms, adding to his long-standing position that the Philippines can easily do without the industry.
THE Bangko Sentral ng Pilipinas (BSP) said the reduced reporting requirements for banks on their interest rates on loans and deposits (IRLD), eliminating daily reports from the industry’s regulatory obligations, take effect this month.
THE BANGKO SENTRAL ng Pilipinas (BSP) will now require bigger lenders to report their intraday liquidity position as it looks to monitor its supervised institutions and their capacity to shoulder their day-to-day obligations with clients.
THE overall rise in commodity prices likely accelerated in December on the back of an uptick in electricity rates and oil prices as well as price pressures on certain food items due to weather-related incidents, the Bangko Sentral ng Pilipinas (BSP) said.
THE BANGKO SENTRAL ng Pilipinas (BSP) is set to issue the implementing rules for the country’s Islamic banking law after the Monetary Board (MB) approved two circulars outlining the licensing framework and discussing Shari’ah governance principles, a senior official said.
THE CENTRAL BANK will cut benchmark rates by at least 50 basis points (bps) in 2020 as it continues to dial back the 175 bps worth of hikes done in 2018 fueled by a high inflation environment, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said.
AMID A supportive economic environment in the Philippines, emerging asset quality issues may be hard to spot amid rapid credit growth, according to Fitch Ratings.