The Bankers Association of the Philippines would like to advise the public to be​ ​​​vigilant on the circulation of unverified news on social media.

Amidst the pandemic, the spread of misinformation will only result in more panic and fear. We have been transparent about the capacity of the industry to remain strong during these challenging times.

Now, more than ever, banks are capable ​to withstand ​​shocks ​from the measures put in place to mitigate the effects of COVID-19 on the economy.

We have also been working in conjunction with the Bangko Sentral ng Pilipinas (BSP)​ which instituted prudent fiscal​ ​policy that resulted in higher​ bank​ capitalization and stronger risk management systems.

Again, any authentic information is made available to the public and can be accessed through our website.​ Similarly,​ ​we made materials on cyber security and awareness ​available ​​for general consumption on our site.