Banks’ FCDU lending up by 15%
By Michelle V. RemoBank loans denominated in US dollar and other foreign currencies rose in the third quarter, as the growing liquidity in the banking sector encouraged industry players to lend more.
Bank loans denominated in US dollar and other foreign currencies rose in the third quarter, as the growing liquidity in the banking sector encouraged industry players to lend more.
The Bangko Sentral ng Pilipinas has shrugged off concerns over the potential consequences of adjusting key interest rates to historic lows, maintaining that the benefits will far outweigh the costs.
The Bangko Sentral ng Pilipinas believes that the country’s banking sector will be able to manage its exposure to bad debts even with the implementation of a new reserve requirement framework.
The Bangko Sentral ng Pilipinas (BSP) has urged the government and the private sector to increase investments in the country and take advantage of growing liquidity in the banking sector as well as potential drop in interest rates. The BSP expects banks to remain highly liquid in 2012, and this gives them enough appetite to [...]
The International Monetary Fund has urged the Philippines and other emerging Asian economies to watch out for rapid credit growth and implement policies to ensure this will not result in overheating. The institution noted how substantial liquidity in most Asian economies enabled their respective banks to extend more loans. “Policymakers should remain focused on potential [...]
The amount of deposits in the country increased in the first half of the year as rising incomes enabled enterprises and individuals to save more.
