Following a minor head injury-related surgery last weekend, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno on Thursday said he expects to be back in the BSP Malate headquarters by Monday, January 25, after some time off to rest. “I expect to report for work on Monday and preside...
The Bangko Sentral ng Pilipinas (BSP) on Thursday said it continues to support the government’s national ID program as its official printer and will face graft complaints against its officials. In a statement, the BSP said it will address the “complaint filed with the Ombudsman relative...
The central bank is expected to reduce banks’ reserve requirement (RR) ratio by 200 basis points (bps) this year but it will not likely lead to a pick up in lending activities, not when the COVID-19 virus and its emerging variants are still here, according to HSBC economists. HSBC managing...
The central bank raised its volume for this week’s term deposit facility (TDF) and it was still oversubscribed, but yields continue to fall. Bangko Sentral ng Pilipinas (BSP) Governor-in-charge Francisco G. Dakila Jr. noted the market participants’ “continued strong interest in the TDF”...
Aboitiz-owned Union Bank of the Philippines (UnionBank) is still studying how to go about formally adopting digital banking in view of the central bank’s new category on online-only banks. UnionBank senior vice president Henry R. Aguda said they have not yet applied for digital bank license with...
Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno who had surgery on Sunday to remove a blood clot from a head injury, has been discharged from St. Lukes Medical Center on Wednesday. A source close to Diokno said he is “up and about” and is expected to return to work next week....
Year 2020 could be well remembered as the pandemic year, but it did not dampen the entrepreneurial spirit of Filipinos as shown by the 41 percent increase in business registration, the highest since 2010. This was reported by Trade and Industry Secretary Ramon M. Lopez at the launch of RCBC...
The Bangko Sentral ng Pilipinas (BSP) is launching an Online Customer Satisfaction Survey (O-CSS) to better provide digitalized services to all its supervised financial institutions such as banks, pawnshops, and money service business (MSB). “In line with the thrust of the BSP to provide...
The Bangko Sentral ng Pilipinas (BSP) has a net income of P34.51 billion as of end-November 2020, down from same period in 2019 of P40.24 billion. The BSP continued to report net foreign exchange (FX) losses of P5.67 billion, a reversal of the previous year’s P14.46 billion FX net...
The Bangko Sentral ng Pilipinas (BSP) has reorganized its payments and currency management operations to ensure a safe and “well-functioning” cash ecosystem in the country as part of digitalization. BSP Governor Benjamin E. Diokno, in a new memo (Memorandum No. M-2021-006) taken up during...
Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said the central bank, which has provided P2 trillion in liquidity to the financial system in 2020, will continue to be the game changer in the country’s anti-COVID-19 pandemic response. “The BSP shall continue to be front and...
With mounting consumer credit card complaints, Bangko Sentral ng Pilipinas (BSP) Deputy Governor Chuchi G. Fonacier is reminding banks and credit card issuers to strictly follow rules that protect credit card users. In a BSP Circular Letter (No. CL-2021-008) that Fonacier signed on January...
