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TDF yields decline on inflation outlook

YIELDS on term deposits continued to decrease on Wednesday on expectations of slower October inflation and following the International Monetary Fund’s (IMF) downgraded economic growth outlook for the country.

Bangko Sentral set to circulate new P20, ‘enhanced’ P5 coins

THE BANGKO SENTRAL ng Pilipinas (BSP) is set to circulate a new version of the five peso coin to address confusion with other New Generation Currency (NGC) coins as well as a new P20 coin.

BSP boosts lending transparency measures

THE BANGKO SENTRAL ng Pilipinas has boosted its measures towards lending transparency, now mandating non-bank financial players to ensure consumers are informed about their services via various modes of communication, such as social media.

Rediscount loans drop

LOANS taken out by banks from the central bank’s rediscount window fell in September from the previous month, central bank data showed.

TDF yields down on hints of fresh RRR cut

YIELDS ON term deposits continued to decline on Wednesday on the back of slower inflation and chances of another cut in banks’ reserve requirement ratios (RRR).

Fitch Solutions sees PHL loan growth rebounding on BSP rate cuts,...

FITCH SOLUTIONS expects banks’ loans to grow faster this year following the Bangko Sentral ng Pilipinas’ (BSP) move to ease policy settings and on the back of consumer and corporate borrowings.

Gov’t makes full award of bonds as yield ends flat on...

THE GOVERNMENT made a full award of the reissued three-year Treasury bonds (T-bond) it auctioned off yesterday following monetary easing moves by the Bangko Sentral ng Pilipinas (BSP) last week and amid easing inflation.

Liquidity, bank lending growth ease in August despite demand

MONEY SUPPLY growth eased in August despite continued demand for credit, the Bangko Sentral ng Pilipinas (BSP) reported on Monday.

BSP cuts banks’ reserve requirement further

THE BANGKO SENTRAL ng Pilipinas (BSP) on Friday announced a 100-basis point reduction in banks’ reserve requirement ratio (RRR), to take effect at the start of November, setting the stage for the release of more funds for lending for productive economic activities.

TDF yields up on RRR cut expectations

TERM DEPOSIT yields saw a slight uptick on Wednesday as the market anticipates the cut in lenders’ reserve requirement ratios (RRR) will come later.

How should banking and finance sector align with FIRe

Winning together in the fourth industrial revolution By Adrian Paul B. Conoza, Special Features Writer As the banking and finance sector braces for developments in time for...

BSP rate cut expectations mount

STATEMENTS by Bangko Sentral ng Pilpinas (BSP) Governor Benjamin E. Diokno that another 25 basis point reduction in benchmark interest rates will be considered at the Monetary Board’s sixth policy review for the year on Sept. 26 — Thursday next week — has led private sector economists to expect more moves soon to unravel last year’s tightening.

BSP to issue P20 coins

THE central bank will issue P20 coins starting December to cut costs, Bangko Sentral ng Pilipinas Governor Banjamin E. Diokno said on Friday.

TDF yields mixed on geopolitical concerns

TERM DEPOSIT yields were mixed on Wednesday on the back of an escalation of oil prices brought about by worries from the attack on Saudi Arabia’s oil facility.

BSP likely to cut policy rates this month

TARLAC — The central bank will cut benchmark interest rates as early as this month, with the regulator also studying when to implement further reductions to lenders’ reserve ratios.

BSP to move currency production facility to New Clark City

TARLAC — The Bangko Sentral ng Pilipinas will be transferring its currency production facility to New Clark City (NCC) as part of efforts to boost production of notes and in line with its continuity plan for operations in case of natural disasters.

BSP streamlines guidelines for voluntary surrender of licenses

THE Monetary Board (MB) has approved streamlined guidelines on the voluntary surrender of banking licenses.

Hot money returns in July

MORE foreign capital went into the country in July to yield a net inflow, snapping four consecutive months of outflows, the central bank reported on Thursday.

Yields on term deposits decline following BSP’s policy rate cut

YIELDS ON term deposits dropped further on Wednesday as demand increased after the policy rate cuts implemented by the central bank last week.

Less than 10 banks looking to adjust ATM fees BSP

THE BANGKO SENTRAL ng Pilipinas (BSP) has received “below 10” applications from banks for adjustments of fees for transactions coursed through automated teller machines (ATM) after the moratorium on such tweaks was lifted last month, a senior official said on Wednesday.

BSP sees no immediate hike in ATM fees as moratorium ends

THE CENTRAL BANK chief quelled market speculations of an impending hike in fees for transactions conducted through banks’ automated teller machines (ATMs).

Rediscount loans go up

BANKS CONTINUED to take out loans from the central bank’s rediscount window in July, with the credit going to commercial, production and other transactions.

T-bond rates to decline on BSP’s dovish stance

THE GOVERNMENT will likely see lower yields for the reissued 10-year Treasury bonds (T-bond) to be auctioned off today following the central bank’s rate cut and amid dovish signals from the Bangko Sentral ng Pilipinas’ (BSP) chief.

BSP chief signals more policy tweaks ahead

Another cut in key policy rates as well as banks’ reserve requirement ratio (RRR) “can take place some time next month”, BSP Governor Benjamin E. Diokno said in an interview aired over ABS-CBN News Channel on Friday afternoon.

Term deposit yields decline ahead of BSP review

YIELDS ON term deposits declined as demand went up on Wednesday ahead of the central bank’s policy meeting.

Term deposits undersubscribed as BSP increases auction volume

DEMAND FOR term deposits climbed on Wednesday but remained below program amid a higher offer volume from the Bangko Sentral ng Pilipinas (BSP) following the final phase of cuts to lenders’ reserve ratios.

Liquidity growth steady in June despite RRR cuts

MONEY SUPPLY growth remained steady amid slightly lower demand for credit, the Bangko Sentral ng Pilipinas (BSP) reported Wednesday, even as the central bank trimmed lenders’ reserve requirement ratios (RRR).

Central bank issues rules on bank investments

THE central bank on Friday said it had issued guidelines on investment activities of banks and quasi-banks.

Demand for BSP’s term deposits drops ahead of reserve ratio cut

BANKS’ DEMAND for term deposits declined on Wednesday amid a higher offer volume from the Bangko Sentral ng Pilipinas (BSP) and ahead of the final phase of cuts to lenders’ reserve ratios.

BSP: Inflation could slow to below 2% this quarter

INFLATION could settle below the official full-year target this quarter as food and oil prices ease, BSP Governor Benjamin E. Diokno told reporters on Tuesday, citing “base effects” due to multi-year-high rates last year.

BSP sees growth in e-payments

THE BANGKO SENTRAL ng Pilipinas (BSP) is optimistic it will achieve its target to have digital transactions at 20% of total settlements by 2020, its chief said on Tuesday.

BSP backs amendment to help banks comply with Agri-Agra Law

THE Bangko Sentral ng Pilipinas (BSP) said it is looking forward to passing an amendment to the Agri-Agra Reform Credit Act this year which would expand the projects that banks can fund to comply with their agricultural lending obligations.

Inflation eases in Q2, seen slowing further

THE BANGKO SENTRAL ng Pilipinas (BSP) said inflation settled at the midpoint of its target band in the second quarter, driven by improved domestic food supply conditions.

Banks keep lending standards steady in Q2

MOST BANKS kept their lending criteria little changed in the second quarter, results of a central bank survey showed.

Bids for term deposits climb as central bank hikes offering

BANKS’ DEMAND for term deposits increased further on Wednesday as the Bangko Sentral ng Pilipinas (BSP) offered a higher volume to investors.

Boosting Filipinos’ financial literacy, one program at a time

The Philippines has a financial literacy problem. Citing a 2015 survey by the World Bank, the Bangko Sentral ng Pilipinas (BSP) noted in a...

Demand for term deposits up as BSP doubles offer volume

BANKS’ DEMAND for term deposits rose on Wednesday as the Bangko Sentral ng Pilipinas (BSP) doubled the amount on offer.

Rediscount loans climb

BANKS increased their availments from the central bank’s rediscount window in June, with the credit going to commercial, production and other transactions.

Liquidity, bank lending growth ease in May

MONEY SUPPLY growth eased in May due to lower demand for credit, the Bangko Sentral ng Pilipinas (BSP) reported Friday.

Yields on term deposits decline as offer attracts strong demand

THE CENTRAL BANK’S term deposit facility (TDF) was more than twice oversubscribed on Wednesday, bringing yields down, on the back of strong demand from banks due to recent reserve requirement cuts.

BSP releases banknotes with Diokno’s signature

THE Bangko Sentral ng Pilipinas (BSP) launched on Wednesday banknotes bearing the signature of central bank chief Benjamin E. Diokno.

Central bank expects inflation to have resumed slowdown this month

HEADLINE INFLATION this month — to be reported on July 5 — likely slowed from a year ago and from May amid lower rice prices, an electricity rate reduction and a stronger peso that made imports cheaper, the Bangko Sentral ng Pilipinas (BSP) Department of Economic Research said in an e-mail on Friday.

Outstanding foreign-currency loans rise 2.7% in Q1

FOREIGN currency loans granted by Philippine banks rose in the first quarter of 2019 as borrowers sought working capital and funds for plant and equipment, the Bangko Sentral ng Pilipinas (BSP) said.

PROSB absorbs seven rural banks

A THRIFT BANK has absorbed seven rural lenders, in line with a push by the Bangko Sentral ng Pilipinas (BSP) for bank mergers.

Bids for BSP’s term deposits drop

DEMAND for the Bangko Sentral ng Pilipinas’ (BSP) term deposits declined on Wednesday ahead of the implementation of the second round of cuts to banks’ reserve requirements.