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,...
Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said inflation expectations remain well-anchored to the two-four percent BSP target despite above four-percent inflation since January. Diokno, quoting the central bank's Department of Economic Research (DER) on the 4.5 percent April...
The peso closed higher at P48.025 to the US dollar Wednesday, ( May 5)  from P48.038 the previous day. The weighted average rate appreciated to P48.027 from P48.043. Total volume amounted to $1.200.48 billion, according to the Bankers Association of the Philippines.
The Bangko Sentral ng Pilipinas (BSP) will still implement a reduced term spread on its rediscounting facility to zero until end-July this year, but the use of credit instruments granted a grace period under the Bayanihan law are no longer accepted. This means that the term spread on peso...
The central bank’s Monetary Board has approved $2.84 billion worth of public sector foreign borrowings in the first three months of 2021, up by 19.36 percent from same time last year of $2.38 billion. In a statement Monday, (May 3) the Bangko Sentral ng Pilipinas (BSP) said a large portion of the...
