Tag page - universal and commercial banks

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BSP proposes self-governing open finance body
The Bangko Sentral ng Pilipinas (BSP) is proposing the creation of an Open Finance Oversight Committee (OFOC), an industry-led self-governing body, as part of the country’s open finance framework. BSP Governor Benjamin E. Diokno ( Bloomberg file photo) Based on the draft circular on open finance,...
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Banks' trust assets drop 8% in Q1 to P2.449 trillion
The banking sector’s trust holdings declined by 7.79 percent in the first quarter this year to P2.449 trillion from P2.656 trillion same time in 2019, data from the Bangko Sentral ng Pilipinas (BSP) said. The big banks or the universal and commercial banks accounted for P2.425 trillion of the...
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