Bangko Sentral ng Pilipinas
The Bangko Sentral ng Pilipinas (BSP) is the central bank of the Philippines.
PH banks’ total assets expanded 9.2% to $439.3b in 2023
Both lending and investing activity grew during the period.
PH banks’ total assets expanded 9.2% to $439.3b in 2023
Both lending and investing activity grew during the period.
Philippine loan officer fined for violating lending regulations
The officer was an employee of the now closed Ruran Bank of Buguias (Benguet).
PH central bank revokes license of local money changer
Money changer NIKKO reportedly committed “serious violations” of money laundering laws.
Philippine central bank simplifies FX policy for foreign investment registration
Foreign investments can now be registered upon registering at any authorized agent bank.
Philippine bank lending up 8.6% in Feb on higher motor and card loans
Consumer loans grew 25.2% partly due to demand for motor vehicle loans rising.
Brunei, Laos central banks formally join Regional Payment Connectivity Initiative
There are now a total of eight ASEAN central banks in the regional payment link.
Philippine central bank denies issuing directive re “stamped” US dollar notes
It reminded the public to remain vigilant against bogus information.
Philippine bank lending up 7.8% in January: central bank
Salary-based loans and motor vehicle loans pushed consumer loans to a 25.2% growth.
BSP okays adoption of sustainable finance taxonomy guidelines
It has a “traffic light system” in classifying if finance activities are SFTG-aligned.
PH central bank optimistic it’ll achieve digital payment targets
The country aimed to have 50% of all retail payments be digital by end-2023.
Security Bank updates terms for cash mgmt, trade finance solutions enrollment form
Notable changes include stating guidelines for T&C changes and its extent of accountability.
Philippine remittances up 2.9% to $3b in November: central bank
Cumulative personal remittances grew to $33.6b in the first 11 months of 2023.
Former PH finance secretary appointed to monetary board
He joins a seven-member board headed by BSP governor Eli Remolona, Jr.
Philippine bank lending up 7% in November 2023
Loans to production activities rose thanks to a growth in real estate and energy activities.
Philippine central bank amends policy on bounced checks
It has also reintroduced the Intraday Settlement Facility for banks.
BSP: cap on online payment facilities to stay
This aligns with the BSP's ongoing efforts to encourage digital financial transactions.
Philippine banks sees lending go up by 7.1% in October
Loans for production activities rose during the month.
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CIMB Niaga leads the way in captivating Indonesia’s youth
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The bank’s digital solutions are winning over younger generations with 3.2M mobile users and 96% digital transaction rate in 2023.
The bank’s digital solutions are winning over younger generations with 3.
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