PHILIPPINE BANKS have set up a self-governing body that will facilitate and monitor the clearing of electronic payments, parallel to efforts led by the central bank to spur more digital transactions in the country. In a statement sent over the...
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MANILA, Philippines — Philippine banks are well-capitalized, profitable, competently managed and very liquid, thus posing limited contingent risks to the government, according to Moody’s Investor Service. In its latest annual credit analysis...
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Total resources of Philippine banks continued to book a double-digit growth to hit a record level of P14.2 trillion in end-May as the industry continued to withstand shocks amid the volatile global financial market. Data from the Bangko Sentral...
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The banking system in the Philippines is one of the most stable in Asia Pacific region, according to global debt watcher Moody’s Investor Service. The domestic banking system got stable outlooks in the areas of operating environment, asset...
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The country’s banking system raised its total resources to P14.142 trillion as of end-April, 12.56 percent higher year-on-year from P12.563 trillion, according to data from the Bangko Sentral ng Pilipinas (BSP). Banks’ increasing capital and...
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