BSP okays relief measure for capital provisioning

The central bank has approved a temporary regulatory relief measure on the capital treatment of banks’ provisioning under the Philippine Financial Reporting Standard (PFRS) 9 by allowing an “add-back” factor until 2023. BSP Deputy Governor Chuchi G. Fonacier Bangko Sentral ng Pilipinas (BSP) Deputy Governor Chuchi G. Fonacier in a … Continue reading BSP okays relief measure for capital provisioning