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Fitch: PH banks stable enough to withstand shocks

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The local banking industry will continue to help stabilize the country’s booming economy in the coming year, despite the risk of lower profits and tighter monetary conditions.

Posted: December 17th, 2013 in Headlines | Read More »

BSP eyes hike in banks’ capital requirements

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The capitalization requirements for local banks may be increased to ensure the continued strength of the local financial sector, which has grown exponentially since the minimum was last revised.

Posted: October 11th, 2013 in Headlines | Read More »

BSP urges creation of new benchmarks for loans

The central bank has moved for the creation of new benchmarks for loans in the country that would be more transparent and less prone to manipulation, to preserve the integrity of the local banking industry.

Posted: September 27th, 2013 in Headlines | Read More »

Banks’ outstanding loans hit P3.22T

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Outstanding loans from universal and commercial banks maintained a double-digit pace of growth in March as high liquidity of the banking sector prompted industry members to service credit requirements of consumers and enterprises.

Posted: April 30th, 2013 in Headlines | Read More »

BSP tightens bank capitalization requirements

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The Bangko Sentral ng Pilipinas has issued stricter capitalization guidelines that banks must comply with starting January 2014 to meet Basel III standards.

Posted: December 27th, 2012 in Headlines | Read More »

Banks’ soured loans continue downtrend, says BSP

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Universal and commercial banks in the country further trimmed their exposure to bad debts in February—an indication that their loan books remained virtually shielded from the ill effects of the ongoing crisis in the Euro zone.

Posted: April 20th, 2012 in Headlines | Read More »

BSP approves establishment of 126 new bank branches

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The Bangko Sentral ng Pilipinas has approved the opening of over 100 new bank branches, hoping to improve accessibility of financial services in the country.

Posted: February 9th, 2012 in Headlines | Read More »

PDIC reports 6% rise in bank deposits to P5.1T

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Bank deposits in the country grew further in the third quarter due to the modest rise in income levels and sustained public confidence in the banking sector, regulators said. The rise in deposits as of end-September last year would boost lending activities of banks this year, thereby supporting efforts to accelerate growth in consumption and [...]

Posted: January 20th, 2012 in Headlines | Read More »

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