The Philippine financial system sustained its growth momentum as it capped the year 2016 with a solid performance amid lingering uncertainties in the global financial markets, Bangko Sentral ng Pilipinas in a report said. “The banking...
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Big banks’ outstanding loans reported a 17.9 percent year-on-year increase for the month of January, a faster pace of growth compared to December’s 17.3 percent, the Bangko Sentral ng Pilipinas (BSP) said yesterday. In peso value, bank...
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The banking sector’s total resources went up by 12.36 percent year-on-year in January to P13.84 trillion from P12.31 trillion, based on central bank data. The universal and commercial banks, which control more than 90 percent of industry assets...
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PHILIPPINE BANKS are likely to see double-digit increases in total loans over the next two years, with the rising share of consumer credit unlikely to be a cause of concern as the lenders remain well-armed against potential shocks, Fitch Ratings...
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MANILA, Philippines - The Bangko Sentral ng Pilipinas (BSP) is offering perks to players who take part in the consolidation of Philippine banks to further enhance the competitiveness of the industry. BSP Deputy Governor Nestor Espenilla Jr....
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