Bangko Sentral ng Pilipinas (BSP)-supervised financial institutions (BSFIs) are prohibited from entering into partnerships that would allow unlicensed third-party players to conduct electronic money (e-money) operations. “BSFIs shall not enter into any arrangement that results in another person...
Global credit rating agency Fitch Ratings has revised its outlook for the Philippine banking sector from ‘neutral’ to ‘deteriorating,’ warning that recent macroeconomic pressures will likely weaken borrowers’ repayment capacity and compress bank earnings. In a June 25 commentary, Fitch...
Total resources of the Philippine financial system contracted slightly in April as the central bank 's rate-hiking cycle and regional geopolitical frictions prompted a tactical pause among traditional lenders, despite continued expansion in the digital banking sector. According to preliminary...
Global debt watcher Moody’s Ratings has downgraded its outlook on the Philippine banking system to negative from stable, warning that lackluster economic growth could raise credit costs while elevated inflation and emerging risks weaken asset quality. “We have revised our outlook for the...
Banks will be allowed to temporarily exclude valuation losses on government securities (GS) from their capital calculations after the Bangko Sentral ng Pilipinas (BSP) approved a regulatory relief measure in a bid to mitigate the financial impact of the ongoing Middle East conflict. In a memorandum...
The Bangko Sentral ng Pilipinas (BSP) has authorized banks to operate within digital marketplaces and platforms, allowing lenders to sell both proprietary and third-party products to expand their domestic reach, while explicitly prohibiting gambling-related services to protect consumers. These new...
The Bangko Sentral ng Pilipinas (BSP) has lifted its five-year freeze on digital transfer fees, allowing lenders to adjust pricing for the country’s primary electronic fund channels. According to Memorandum No. M-2026-025, the Monetary Board (MB) approved “the lifting of the moratorium on...
The Bangko Sentral ng Pilipinas (BSP) tightened its vetting procedures for top financial executives, ordering institutions to gather more granular personal data and secure explicit privacy waivers to weed out unqualified candidates from the banking system. Outlined in Circular No. 1236, the...
To complement its enhanced credit exposure reporting and credit management system, the Bangko Sentral ng Pilipinas (BSP) is expanding access to credit information, allowing individual and corporate borrowers to view their own credit data upon identity verification. This initiative is part of a...
Global debt watcher Fitch Ratings has lowered its outlook on the Philippine banking system to “deteriorating,” warning that exposure to the ongoing United States (US)-Iran war could dampen lending activity, raise credit costs, and squeeze profitability. Fitch wrote in a June 8 commentary that...
Bank lending accelerated to its fastest pace in nine months in April, fueled by the sharp rebound in credit demand from corporate borrowers and steady household spending. Preliminary data released by the Bangko Sentral ng Pilipinas (BSP) showed that outstanding loans granted by universal and...
The Philippine banking system’s total assets climbed to ₱30.12 trillion as of end-April, driven by sustained growth in lending and strong liquidity, with investment holdings continuing to support the economy. The latest preliminary Bangko Sentral ng Pilipinas (BSP) data showed banks’ combined...
