Keeps accommodative policy MB File Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said he is seeing continued demand for loans and banks’ “appetite” to lend despite that loan growth slowed in August because of risk aversion during the pandemic. Big banks’ outstanding loans as...
The peso closed P48.60 to the US dollar today, higher from P48.625 last Friday, according to the Bankers Association of the Philippines. The weighted average rate appreciated to P48.578 from P48.634. Total volume amounted to $508.41 million.
The central bank wants digital bank players that will be “tenacious” or strong enough to withstand risks such as fraud and cyberattacks, and that these online-only banks will last a long time. Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno ( Bloomberg ) “We will put...
The quick recovery of foreign direct investments (FDI) following the strict lockdowns signalled investors’ favorable long-term prospects for the Philippines, the Department of Finance (DOF) said. Finance Undersecretary Gil S. Beltran Based on Finance Undersecretary Gil S. Beltan’s latest...
The Philippine National Bank (PNB) is thinking of putting up a digital bank either as a subsidiary or stand-alone unit, according to its president and CEO Jose Arnulfo “Wick” Veloso. PNB president and CEO Jose Arnulfo “Wick” Veloso “We’re discussing internally with the...
The central bank’s auction of 28-day securities fetched a higher rate on Friday, it remained oversubscribed as the only 28-day offering this week after the Bangko Sentral ng Pilipinas (BSP) put aside the 28-day term deposit facility (TDF). The BSP bills received P129.1 billion tenders...
The Bangko Sentral ng Pilipinas (BSP) dropped the 28-day tenor this week and shifted the volume to the two remaining term deposit facility (TDF). During Wednesday’s TDF auction, the BSP offered P470 billion, down from P480 billion last week. Total bids reached P574.19 billion. The 7-day TDF has...
Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said they will consider the possibility of further relaxing and reducing the minimum liquidity ratio (MLR) of thrift banks from the current 16 percent. Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno ( Bloomberg ) “We...
Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said they will consider the possibility of further relaxing and reducing the minimum liquidity ratio (MLR) of thrift banks from the current 16 percent. “We will reassess this level based on prevailing market conditions as well as...
The central bank’s peso rediscounting facility increased to P26.9 billion or up P6.2 billion as of end-September compared to P20.7 billion end-August. The rediscounting releases were however lower than same period last year of P118.67 billion. The Bangko Sentral ng Pilipinas (BSP) has been...
Foreign direct investment (FDI) net inflows registered by the Bangko Sentral ng Pilipinas (BSP) for the first seven months amounted to $3.795 billion, 10.9 percent lower compared to same time last year of $4.259 billion. For the month of July alone, net inflows rose by 35.2 percent...
The central bank will continue to count loans to micro, small, and medium enterprises (MSMEs) as well as qualified large enterprises as part of compliance with the reserve requirements until end-2022 to extend relief measures to banks and non-banks and to provide funding to businesses hit by the...
