Home Tags BSP

Tag: BSP

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.

Demand for term deposits climbs ahead of BSP meet

BANKS’ DEMAND for term deposits increased on Wednesday ahead of the Bangko Sentral ng Pilipinas’ (BSP) policy review today.

BoP turnaround continues with May surplus

THE Bangko Sentral ng Pilipinas (BSP) said it estimates that the balance of payments in May continued to reflect a surplus, of about $3.7 billion, continuing the turnaround from a deficit of $3.5 billion as recently as November.

Central bank calls on financial institutions to sign up on cybersecurity...

TO HELP strengthen the banking industry’s resilience to cyber attacks, the Bangko Sentral ng Pilipinas (BSP) has ordered BSP-supervised financial institutions (BSFIs) to participate in a cybersecurity sharing platform hosted by the Bankers Association of the Philippines (BAP).

Bids for BSP’s term deposits decline

BIDS FOR term deposits dropped on Thursday as the central bank placed a lower volume on offer two weeks ahead of the second round of cuts to banks’ reserve requirement ratio (RRR).

SITI quits trust business, shifts focus to real estate

THE STATE Investment Trust, Inc. (SITI) voluntarily surrendered its trust license to the Bangko Sentral ng Pilipinas (BSP) to focus on the real estate business for higher profit.

Rediscount borrowings by banks decline in May

BANKS TOOK less loans out of the central bank’s rediscount window in May, with the credit going to their purchases and commercial credits.

Dealing with the most constructive yet destructive force in the financial...

By Mark Louis F. Ferrolino, Special Features Writer For several decades, traditional banks have held a dominant market share with little modification to their business models....

BSP chief ‘cautiously optimistic’ on Philippine economy

BANGKO SENTRAL ng Pilipinas (BSP) Governor Benjamin E. Diokno is “cautiously optimistic about the current state of the Philippine economy,” amid lingering global headwinds.

Demand for term deposits rises

DEMAND for term deposits increased on Thursday after the first round of cuts to lenders’ reserve requirement ratios (RRR), but was still not enough to fill the amount placed on the auction block.

Demand for TDF drops ahead of reserve requirement reductions

BIDS FOR term deposits declined further on Wednesday ahead of the first round of cuts to lenders’ reserve requirement ratios (RRR) taking effect this week.

BSP okays revised rules for external auditors’ selection

THE CENTRAL BANK has rationalized the framework for the selection of external auditors of Bangko Sentral ng Pilipinas (BSP) Supervised Financial Institutions (BSFIs) to streamline and centralize requirements across agencies.

Full foreign bank entry, (almost) five years in

UP UNTIL May 1994, no foreign bank was permitted to enter the country apart from four foreign lenders that were already operating at that time. In February 1995, the Bangko Sentral ng Pilipinas (BSP), under Republic Act (RA) No. 7721, approved the application of 10 out of 22 foreign banks that had expressed interest. Under RA 7721, only when one of the 10 banks pulls out could another offshore lender enter the Philippine financial system.

Hot money leaves PHL in April

FOREIGN PORTFOLIO investments went out of the country for a second straight month in April following the delayed approval of the government’s 2019 spending plan and earthquakes that hit Luzon and the Visayas, as well as the ongoing US-China trade war, the Bangko Sentral ng Pilipinas (BSP) reported on Thursday.

Bids for term deposits decline

APPETITE for term deposits declined on Wednesday ahead of the implementation of the first stage of a phased reduction in big banks’ reserve requirement ratio (RRR) announced by the Bangko Sentral ng Pilipinas (BSP) last week.

Central bank chief signals more reserve ratio cuts

THE BANGKO SENTRAL ng Pilipinas (BSP) will consider reducing the reserve requirement ratio (RRR) for lenders further if banks don’t misbehave and speculate against the peso, Governor Benjamin E. Diokno said.

Foreign direct investments climb in February

FOREIGN DIRECT investments (FDI) climbed in February on investor optimism over the country’s growth prospects and fundamentals, the Bangko Sentral ng Pilipinas (BSP) reported on Friday.

BSP to look at growth as it considers further rate cuts

THE COUNTRY’S economic outlook and the peso’s stability will be the key deciding factors for the Bangko Sentral ng Pilipinas (BSP) in further cutting its policy rates and reducing banks’ reserve requirement, think tank Fitch Solutions said in an analysis.

Demand for term deposits rises

BANKS’ APPETITE for term deposits increased this week to push yields lower as the central bank placed a higher volume on the auction block ahead of its monetary policy review.