With the country’s macroeconomic fundamentals remaining strong, the Philippine banking system had shown sustained growth in the first semester of this year, the Bangko Sentral ng Pilipinas (BSP) said in its enhanced report of the Philippine...
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THE PHILIPPINE banking system will likely benefit from fast-growing prime-age populations, Moody’s Investors Service said, flagging concerns on proximity to lenders as a key hurdle to penetration. In a report on Tuesday, the global debt watcher...
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MANILA, Philippines — More Filipinos continue to entrust their savings with banks as deposits recorded a double-digit increase in the first five months amid the strong economic growth. Total bank deposits rose by a double-digit rate of 11.7...
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The banking system’s trust holdings increased by 8.2 percent year-on-year to P2.51 trillion as of end-March, indicating clients’ confidence in banks’ investment management continues to grow. The big banks accounted for P2.46 trillion of...
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PHILIPPINE BANKS will benefit from a brighter outlook for the economy, S&P Global Ratings said, with stronger domestic activity to fuel increased lending for local players. Ivan Tan, director for financial institution ratings at S&P,...
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