The country’s banking system has a higher total resources of P15.59 trillion as of end-February this year, up 11.67 percent year-on-year, data from the Bangko Sentral ng Pilipinas (BSP) show. This includes large lenders or the universal and...
Read moreA few years before Sen. Benigno Aquino Jr. was assassinated, the Philippine banking system has been slogging through adverse financial shocks. Insolvencies in financial investment houses and finance companies were rampant in 1981, leading to a...
Read moreThe central bank yesterday reported that the outstanding loans of commercial banks were up 19.1 percent year-on-year in January to R7.13 trillion, a slower pace of growth than 19.4 percent end-2017. Domestic liquidity, on the other hand, grew...
Read moreBIG BANKS booked higher incomes in 2017 amid robust lending growth which offset lower trading gains, latest data from the Bangko Sentral ng Pilipinas (BSP) showed. Universal and commercial banks operating in the country raked in a cumulative...
Read moreThe total deposit liabilities of the domestic banking system further rose to a fresh record-high P11.307 trillion at the end of the first nine months, the latest Philippine Deposit Insurance Corp. (PDIC) data showed. The end-September deposits...
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