Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said they will consider the possibility of further relaxing and reducing the minimum liquidity ratio (MLR) of thrift banks from the current 16 percent. “We will reassess this level based on prevailing market conditions as well as...
The central bank’s peso rediscounting facility increased to P26.9 billion or up P6.2 billion as of end-September compared to P20.7 billion end-August. The rediscounting releases were however lower than same period last year of P118.67 billion. The Bangko Sentral ng Pilipinas (BSP) has been...
Foreign direct investment (FDI) net inflows registered by the Bangko Sentral ng Pilipinas (BSP) for the first seven months amounted to $3.795 billion, 10.9 percent lower compared to same time last year of $4.259 billion. For the month of July alone, net inflows rose by 35.2 percent...
The central bank will continue to count loans to micro, small, and medium enterprises (MSMEs) as well as qualified large enterprises as part of compliance with the reserve requirements until end-2022 to extend relief measures to banks and non-banks and to provide funding to businesses hit by the...
The country’s low inflation environment provides the Bangko Sentral ng Pilipinas (BSP) the adequate legroom to keep its interest rates steady to support economic recovery, the Department of Finance (DOF) said. Based on the latest DOF economic bulletin, Finance Undersecretary and Chief Economist...
The central bank’s auction of its 28-day BSP bills fetched a higher rate and bigger volume this week, based on results from the Bangko Sentral ng Pilipinas (BSP). The 28-day securities was offered higher at P60 billion on Friday versus P50 billion last week. It remained oversubscribed with...
The Bangko Sentral ng Pilipinas (BSP) will set a limit to the number of online-only banks, which have lower capitalization requirement. Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno ( Bloomberg file photo) BSP Governor Benjamin E. Diokno said many banks have expressed interests to...
The central bank’s auction of term deposit facility (TDF) attracted P677.99 billion tenders on Wednesday against offer of P480 billion, while yields have mixed results. Bangko Sentral ng Pilipinas (BSP) Deputy Governor Francisco G. Dakila Jr. continues to observe “ample” financial system...
An applicant digital bank in the Philippines will be required to have a minimum capitalization of P1 billion, according to a revised Bangko Sentral ng Pilipinas (BSP) proposed guidelines on the setting up of digital banks. This was higher than earlier proposed of P400 million for a basic digital...
The banking sector’s trust holdings declined by 7.79 percent in the first quarter this year to P2.449 trillion from P2.656 trillion same time in 2019, data from the Bangko Sentral ng Pilipinas (BSP) said. The big banks or the universal and commercial banks accounted for P2.425 trillion of the...
The Bangko Sentral ng Pilipinas (BSP) is amending the guidelines for banks’ operational risk management particularly on “people risk” and is proposing to adopt more rigid rules on human resource-related risk. The BSP wants stricter recruitment and selection of banks’ personnel as well as...
The Bangko Sentral ng Pilipinas (BSP) has extended for the third time the temporary relief measures for its rediscount facilities until January 31 next year. The previously granted temporary measures lapsed on September 30. This is the third time that a fixed rediscount term as relief to banks has...
