Tag page - BAP

Big banks’ lending growth further weakened to just 2.8 percent in September from an already low of 4.7 percent in August, the Bangko Sentral ng Pilipinas (BSP) said.  Domestic liquidity or M3, in the meantime, expanded by 12.3 percent year-on-year to P13.5 trillion in September, a slower pace of...

The peso closed  higher  at  P48.145  to the US dollar Monday   from  P48.22 last Friday.  The weighted  average rate appreciated  to  P48.134  from P48.272. Total volume amounted to $679.3  million, according to the Bankers...

The peso closed  higher  at  P48.22 to the US dollar Friday   from  P48.31 the previous day. The weighted  average rate appreciated  to  P48.272  from P48.35. Total volume amounted to $779  million, according to the Bankers Association of the Philippines.

The peso closed P48.60  to the US dollar today,  higher  from  P48.625  last Friday, according to the Bankers Association of the Philippines. The weighted  average rate appreciated to  P48.578  from P48.634. Total volume amounted to $508.41  million.

The banking community reiterated Friday that as they were consulted by the Bangko Sentral ng Pilipinas (BSP) before putting a limit on credit card rates and fees, they are supporting this move to “ease the burden” of cardholders amid the public health crisis. “We support this initiative by...