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  • More bank branches sprouted by end-April

    June 24, 2019

    THE Philippine banking system continued to expand its reach in the country as data from the Bangko Sentral ng Pilipinas (BSP) reveal that more bank branches were put up by the end of April. Central Bank numbers show that about 70 bank branches...

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  • PH banks seen to remain profitable, stable

    June 22, 2019

    Sustained economic expansion will allow banks in the Philippines to remain profitable despite higher interest rates and tighter liquidity, says debt watcher Moody’s Investors Service. “Our outlook for the Philippine banking system over the...

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  • Banks cheer cut in bank reserves

    May 18, 2019

    The Philippines’ largest financial institutions on Friday cheered the decision of financial regulators to progressively reduce the amount of cash banks are required to hold inactive in their vaults, saying the move will help boost the country’s...

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  • BSP: Banks performed well amid global volatility in 2018

    May 13, 2019

    THE Bangko Sentral ng Pilipinas (BSP) reported that the local financial system was in the pink of health toward the end of last year despite global volatility in financial sectors worldwide. In its report on the Philippine financial system for...

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  • E-money transactions breach P1 T mark

    April 30, 2019

    MANILA, Philippines — Electronic money transactions breached the P1-trillion level last year on the back of the growing number of providers as well as aggressive marketing strategies undertaken by major players, data from the Bangko Sentral ng...

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