The financial system’s total resources increased to P24.08 trillion as of end-March, up by 5.46 percent from same period last year of P22.84 trillion, based on Bangko Sentral ng Pilipinas (BSP) data. Of the total figure, banks have P20.03 trillion of total resources, up by 6.64 percent...
The Bangko Sentral ng Pilipinas (BSP) has drafted additional rules to ensure banks continue to so-called “greening” by integrating climate change and environmental and social (E&S) risks in its key strategies and operations. The proposed guidelines seek to ensure the integration of...
Philippines’ gross international reserves (GIR) reached $107.25 billion as of end-April, up by $2.77 billion from the previous GIR of $104.48 billion, according to Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno. Considered as healthy liquidity reserves or buffer against external...
With CREATE, FIST laws The Bangko Sentral ng Pilipinas (BSP) expects the economy to post positive growth in the second quarter due to base effects, but whether or not this will be sustained for the rest of the year will depend on the implementation of recently approved laws, such as the...
An estimated P6.93 billion of micro, small and medium enterprise (MSME) loans under the Credit Surety Fund (CSF) have been released as of end-December 2020, according to a central bank CSF survey. BSP Governor Benjamin E. Diokno (Credit: BSP photo) Bangko Sentral ng Pilipinas (BSP) Governor...
The Monetary Board of the Bangko Sentral ng Pilipinas (BSP) decided on Wednesday (May 12) to maintain its two percent interest rates on the overnight deposit and lending facilities while revising inflation outlook lower as food price pressures have eased. BSP Governor Benjamin E. Diokno, also the...
The banking sector’s assets continue to increase at P19.439 trillion as of end-first quarter, up by 5.62 percent from same period last year of P18.404 trillion, based on Bangko Sentral ng Pilipinas (BSP) data. Banks’ gross total loan portfolio fell by 1.9 percent year-on-year to P10.658...
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.
