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Thrift banks report rising soured loans

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Aggressive lending to the real estate sector led to an increase in bad loans held by thrift banks at the end of last year, data released by the central bank Wednesday showed.

Posted: August 1st, 2013 in Headlines | Read More »

BSP: Small banks may now sell financial products

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Rural and thrift banks are now allowed to sell financial products such as insurance plans and credit cards of their sister firms, according to the central bank.

Posted: July 5th, 2013 in Headlines | Read More »

BSP opens cross-selling to thrift banks

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The Bangko Sentral ng Pilipinas has issued a regulation allowing banks to engage in cross-selling, a move aimed at making financial instruments accessible to more Filipinos.

Posted: June 12th, 2013 in Headlines | Read More »

BSP expected to allow rural, thrift banks to do cross-selling

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The Bangko Sentral ng Pilipinas is issuing a regulation that will allow thrift and rural banks to engage in cross-selling of financial instruments.

Posted: March 21st, 2013 in Headlines | Read More »

Thrift banks record profit hike in H1

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Thrift banks in the country registered higher profits in the first half of 2012 as robust economic growth led to higher demand for consumer loans and other financial services.

Thrift banks in the country registered higher profits in the first half as robust economic growth led to higher demand for consumer loans and other financial services.

Posted: December 10th, 2012 in Latest Business Stories | Read More »

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