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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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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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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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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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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