Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said there is no need to alter or revise the Currency Risk Protection Program (CRPP) which allow banks to hedge their eligible foreign currency obligations. “We have not seen the need to further update or expand the hedging facility...
The Philippine banking system’s assets grew steadily amid the pandemic, it went up by 3.9 percent year-on-year to P19.393 trillion as of end-April from P18.665 trillion, based on Bangko Sentral ng Pilipinas (BSP) data. The end-April total banking assets is however lower compared to end-March’s...
Short-term benchmark interest rates dipped anew at Monday’s auction, June 7, of the government IOUs at the Bureau of the Treasury. Investors lapped up the 91-day Treasury bills, with demand for the three-month government IOUs reaching P26.36 billion during Monday's auction of the...
The Bangko Sentral ng Pilipinas (BSP) is exploring options on what to do with its six-hectare Security Plant Complex (SPC), currently valued at P8 billion, in Quezon City once it has relocated its printing facility in New Clark City in Capas, Tarlac. “We’re keeping our options open,” said BSP...
The banking sector’s non-performing loans (NPL) ratio climbed to 4.35 percent in April this year, highest in 12 years, while delinquency rate also surged, data from the Bangko Sentral ng Pilipinas (BSP) revealed. BSP data showed that the banking sector’s non-performing loans (NPL) ratio went up...
Bangko Sentral ng Pilipinas (BSP)-led Financial Stability Coordination Council (FSCC), which has just identified the country’s servicing of debts and credit-related risks as red flags to potential systemic issues, is strongly pursuing the signing of a proposed executive order (EO) to empower the...
Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said Friday that risks to the inflation outlook remains “broadly balanced” but also crucial for inflation control that there is enough meat in the coming months. “(The) projected decline of inflation depends crucially on the timely...
The Bangko Sentral ng Pilipinas (BSP) is proposing new regulations for both banks and non-banks’ outsourcing and IT risk management that aim to streamline the process. The BSP’s draft circular has been released to the industry for comments and recommendations and has given them until June 21 to...
The central bank’s Commercial Property Price Index (CPPI) is expected to be launched within the year and it will allow regulators to better monitor banks’ financial and real estate exposures, according to Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno. The Monetary Board, chaired...
The peso closed lower  at P47.825  to the US dollar Thursday,  (June 3)   from P47.82 the previous day. The weighted average rate appreciated to P47.806 from P47.821. Total volume amounted to $820.06 million according to the Bankers Association of the Philippines.
The Bangko Sentral ng Pilipinas (BSP) has a new limit to banks’ net open foreign exchange (FX) positions to increase FX liquidity, curtail speculative activity and to make sure that transactions are legitimate and has the appropriate risk governance. BSP Governor Benjamin E. Diokno said...
Banks prefer the 14-day term deposit facility (TDF) this week based on a higher bid coverage ratio. The 14-day tenor which has the same offer of P360 billion for the past weeks, attracted P414.06 billion bids, up from the previous week’s P365.08 billion. The bid coverage ratio increased to 1.1502...
