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YIELDS ON term deposits dropped further on Wednesday as demand increased after the policy rate cuts implemented by the central bank last week.
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.
THE CENTRAL BANK chief quelled market speculations of an impending hike in fees for transactions conducted through banks’ automated teller machines (ATMs).
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.
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.
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.
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.
BANKS’ DEMAND for term deposits increased further on Wednesday as the Bangko Sentral ng Pilipinas (BSP) offered a higher volume to investors.
The Philippines has a financial literacy problem. Citing a 2015 survey by the World Bank, the Bangko Sentral ng Pilipinas (BSP) noted in a...
BANKS’ DEMAND for term deposits rose on Wednesday as the Bangko Sentral ng Pilipinas (BSP) doubled the amount on offer.
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.
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.
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.
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).
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.
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....
BANGKO SENTRAL ng Pilipinas (BSP) Governor Benjamin E. Diokno is “cautiously optimistic about the current state of the Philippine economy,” amid lingering global headwinds.
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.
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.
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.
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.
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.
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.