INQUIRER FILE PHOTO MANILA, Philippines The Philippines and Japan have renewed Bilateral Swap Arrangement (BSA), maintaining a swap deal worth up to $12 billion effective Jan. 1, 2025, the Bangko Sentral ng Pilipinas (BSP) bared in a statement Monda
(FILES) The seal of the Board of Governors of the Federal Reserve System is seen ahead of a press conference by US Federal Reserve Chairman Jerome Powell after a Federal Open Market Committee meeting at the Federal Reserve in Washington, DC, on Sept
MANILAluhoplay, Philippines – Amid the holiday season, several banks nationwide have announced that they will be suspending operations on certain dates to accommodate holiday celebrations. In an announcement Saturday, SSS said the new OIC succ
Banks cut their exposure to the volatile property sector in the third quarter to hit the lowest level in five years, with the proportion of soured home loans posting an uptick and staying elevated as financial conditions remained tight. Latest data
INQUIRER FILE PHOTO Soured loans held by local banks rose to their highest level in more than two years in October, as the start of the Bangko Sentral ng Pilipinas (BSP) rate-cutting cycle might have prompted banks to chase higher-yielding but riski
The Bangko Sentral ng Pilipinas (BSP) will require financial entities that are not digital banks but operating and behaving like one to convert their existing license to that for virtual lenders so they can be regulated properly, an official said. S
" alt="Alice Guo" width="1200" height="1747" data-lazy-src="https://newsinfo.inquirer.net/files/2024/10/840788.jpeg"> Nio Jesus Orbeta MANILA, Philippines The Anti-Money Laundering Council (AMLC) has already begun action proceedings against banks in
INQUIRER FILE PHOTO MANILA, Philippines Total assets of the Philippine banking sector increased by 11.3 percent as of end-September this year. Data released by the Bangko Sentral ng Pilipinas (BSP) showed that the total assets of the banking sector