The Bangko Sentral ng Pilipinas’ (BSP) total loans and advances to banks by end-November 2020 increased to P680.76 billion, or 3x more than what was reported same period in 2019. The surge in the BSP loans and advances were reported in June up to November last year, compared to declines recorded...
The Duterte administration’s borrowings increased by over ninefold in October due to Bangko Sentral ng Pilipinas’ (BSP) cash advance to the national government, data from the Bureau of the Treasury showed. Gross borrowings of the national government in October this year increased by 1,244...
As an accredited partner of Landbank, Escolarians can avail of one of the country's best financial assistance programs Education should open opportunities, not create burdens. That is why Centro Escolar University (CEU) is now an accredited partner of Landbank for the latter's i-STUDY Program,...
DBP President and Chief Executive Officer Emmanuel G. Herbosa After disbursing over P11.98-billion credit assistance to the beleaguered tourism sector in the first half of this year, the Development Bank of the Philippines (DBP) further committed to help the industry rebuild trust in travel, adapt...
To comply with the reserve requirement, banks have released P14.9 billion more loans to micro, small and medium enterprises (MSME) for the month of September alone, based on Bangko Sentral ng Pilipinas (BSP) data. MB file photo. This brings the average daily balance of bank loans to MSMEs to P120.9...
The Duterte administration has so far borrowed close to $10 billion to fund the national government’s coronavirus response, the Department of Finance (DOF) said. In a statement, Finance Secretary Carlos G. Dominguez III said the national government’s financing support for COVID-19 from...
