The peso closed higher at P47.81 to the US dollar Tuesday, (May 11) from P47.865 the previous day.  The weighted average rate depreciated to P47.87 from P47.825. Total volume amounted to $837 million, according to the Bankers Association of the Philippines.
Banks continue to report an increasing gross non-performing loans (NPL) ratio of 4.21 percent and past due ratio of 5.34 percent in March in an expected trend resulting from borrowers’ difficulty in paying their loans amid the public health crisis. The last time gross NPL was at this level was in...
Philippine banks' write-offs for bad loans have reached P3.517 billion as of end-March, 205 percent higher from same time last year of P1.153 billion, based on data from the Bangko Sentral ng Pilipinas (BSP). Writing off bad debts which are non-performing loans (NPL) clears banks’ balance sheets...
The central bank said it registered $1.569 billion of foreign direct investment (FDI) net inflows in the first two months of 2021, up by 20.6 percent year-on-year or from $1.301 billion. For the month of February only, FDI net inflows of $608 million was lower by 2.2 percent from $621 million same...
The peso closed lower  at P47.865 to the US dollar Monday, (May 10)  from P47.855 last Friday. The weighted average rate appreciated to P47.825 from P47.90. Total volume amounted to $715.25 million, according to the Bankers Association of the Philippines.
The banking industry’s capital adequacy ratio (CAR) improved to 16.6 percent and 17.1 percent on solo and consolidated bases in 2020 despite the COVID-19 pandemic’s hits on its earnings, capital and operations. The CAR, which is a bank’s measure of capital health in relation to its risks and...
Eighty-five banks have applied to exclude P18.8 billion of non-performing loans (NPL, P12.2 billion) and past due loans (PDL, P6.6 billion) from the Bangko Sentral ng Pilipinas’ (BSP) soured loans’ classification as of end-February this year. The BSP considers this a small number of banks that...
The auction of Bangko Sentral ng Pilipinas (BSP) securities continue to be oversubscribed while the yield dropped anew ahead of next week’s Monetary Board policy meeting. BSP Deputy Governor Francisco G. Dakila Jr. said Friday that the 28-day BSP bills auction attracted P116.02 billion bids...
The central bank’s stricter policy on banks’ screening of its new hires and other human resource-related practices should decrease the number of blacklisted and watchlisted bankers and employees, according to Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno. “It’s hard to...
The Bangko Sentral ng Pilipinas (BSP) is studying a cryptocurrency dispute mechanism and also assessing how issuing its own digital currency will address gaps in the digitalization of the country’s payments and settlement system. BSP director Melchor T. Plabasan for the Risk and Innovation...
The peso closed higher at P47.98 to the US dollar Thursday, (May 6)  from P48.025 the previous day. The weighted average rate appreciated to P47.979 from P48.027. Total volume amounted to $978.05 million, according to the Bankers Association of the Philippines.
The central bank’s term deposit facility (TDF) has a higher offered volume this week of P510 billion versus P490 billion on April 28, but yields were still down as banks await the decision of the Monetary Board’s policy meeting next Thursday. Based on Bangko Sentral ng Pilipinas (BSP) numbers,...
