TOTAL bank deposits neared the P10-trillion mark as of end-August, data from the Bangko Sentral ng Pilipinas (BSP) showed, marking sustained growth in the local banking industry amid volatility in global financial markets. Philippine banks held...
Steady growth in assets and deposits boosted the banking sector’s third quarter net profits to P114.78 billion, up 16.68 percent from the same period last year of P98.7 billion. Data from the Bangko Sentral ng Pilipinas (BSP), updated this...
MANILA, Philippines – Banks and other financial institutions are open to a proposal allowing micro, small and medium enterprises (MSMEs) to use other properties as collateral for loans, aside from land and other immovable assets, Sen. Paolo...
The Bangko Sentral ng Pilipinas (BSP) will initiate talks with the central banks of Thailand and Indonesia on bilateral agreements allowing Qualified Asean Banks (QAB) to operate subsidiaries in each other’s markets. “I am pleased to report...
Banking institutions are warming up to the idea of providing credit to micro, small and medium-sized enterprises (MSMEs). At the same time, it is crucial for small businesses to be educated on how to become more “attractive” borrowers,...
The leaders of the Banking and Finance sector have pledged their support to the country’s data privacy laws by committing to comply with issuances of the country’s data privacy watchdog the National Privacy Commission (NPC). This was...
| BAP Spot USD/PHP | Today | Previous |
|---|---|---|
| Date | September 24, 2021 | September 23, 2021 |
| Open Time | 09:00:25 | 09:00:55 |
| Open | 50.32 | 50.33 |
| High | 50.46 | 50.45 |
| Low | 50.24 | 50.27 |
| Close | - | 50.34 |
| BAP AM Weighted Average | 50.368 | 50.398 |
| AM Volume | 622.7 | 628.8 |
| BAP PM Weighted Average | - | 50.335 |
| PM Volume | - | 450.3 |
| BAP Weighted Average | 50.368 | 50.372 |
| Total Volume | 622.7 | 1079.1 |
| FX Settlement Rate | 50.368 | 50.398 |
The Philippine Interbank Reference Rate (“PHIREF”) is solely owned and calculated by Bloomberg Finance L.P. and/or its affiliates (“Bloomberg”), under an agreement with the Bankers Association of the Philippines (“BAP”). PHIREF provided on this website is solely for internal business or personal use.
