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  • Financial inclusion reaches nearly 90% of target –BSP

    June 30, 2017

    Almost 90 percent of cities and municipalities in the country have been reached by financial services as of last year, the central bank said, citing its progress in financial inclusion. “We are proud to say that by the end of 2016, close to 90...

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  • Filipino savers are rising – BSP

    March 26, 2017

    More Filipino households are able to save money, but how much is being put aside as contingent funds or even for future businesses and retirement varies depending on income. Based on the Bangko Sentral ng Pilipinas’ (BSP) first quarter Consumer...

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  • Balance anti-money laundering rules with financial inclusion

    March 18, 2017

    The Bangko Sentral ng Pilipinas (BSP) required its supervised financial institutions to find a balance between their anti-money laundering and anti-terrorist financing regulations and the promotion of financial inclusion in the country, which an...

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  • BAP proposal gains support among legislators

    March 09, 2017

    There is now a legislative proposal recognizing lender participation in a public-private partnership (PPP) project as alternative compliance to the oft-ignored agri-agra law, latest data of which show continuing dismal performance by an industry...

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  • PH banking system continues to expand in Q2

    February 27, 2017

    THE PHILIPPINE banking system continued to expand during the second quarter as lenders opened more branches across the country with a focus on the provinces, data from the Bangko Sentral ng Pilipinas (BSP) showed. The local banking sector widened...

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