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Lawrence Agcaoili
Lawrence Agcaoili
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Bank liquidity remains above threshold — BSP
by Lawrence Agcaoili - December 6, 2019 - 12:00am
Philippine banks continued to hold liquidity positions way above the threshold after the Bangko Sentral ng Pilipinas (BSP) gave the industry more time to build their buffers.
Term deposit rates mixed anew
by Lawrence Agcaoili - December 5, 2019 - 12:00am
Term deposits were mixed anew yesterday with the yield for the seven and 29-day tenors climbing, while the yield for the 14-day term deposit declined as the latest reduction of the reserve requirement ratio for banks...
AMLC pushes key laws to avoid sanctions
by Lawrence Agcaoili - December 4, 2019 - 12:00am
The Anti-Money Laundering Council is pushing for the passage of key laws to help the Philippines dodge sanctions from the global anti-money laundering watchdog.
BSP: Further RRR cut hinges on credit growth
by Lawrence Agcaoili - December 4, 2019 - 12:00am
The Bangko Sentral ng Pilipinas will evaluate banks’ loan growth first before it can decide whether to make further cuts in banks’ reserve requirements, according to BSP Governor Benjamin Diokno.
Philippine making great strides in digital payments — BSP
by Lawrence Agcaoili - December 3, 2019 - 12:00am
The share of electronic payments increased to 10 percent in terms of volume and to 20 percent in terms of value as of end-2018, from the previous level of only one percent more than five years ago, Bangko Sentral...
BSP eases lending process for OFWs
by Lawrence Agcaoili - December 2, 2019 - 12:00am
The Bangko Sentral ng Pilipinas has eased the guidelines on the granting of consumer loans to overseas Filipino workers to facilitate the access of OFWs to bank credit.
Banks warned on red flags in Ponzi schemes
by Lawrence Agcaoili - December 2, 2019 - 12:00am
The Bangko Sentral ng Pilipinas has directed banks to institutionalize red flag indicators to strengthen the industry’s capability to detect, prevent and mitigate risks arising from transactions related to...
BDO completes rural bank takeover
by Lawrence Agcaoili - December 2, 2019 - 12:00am
BDO Network Bank Inc., formerly One Network Bank Inc., has completed the acquisition of Bulacan-based Rural Bank of Pandi Inc. late last October.
Veterans Bank nets P505 million in 9 months
by Lawrence Agcaoili - December 1, 2019 - 12:00am
The net income of Philippine Veterans Bank (PVB) reached P505 million in January to September, reversing the P574 million net loss incurred in 2018.
Credit growth eases in October amid slump in manufacturing
by Lawrence Agcaoili - December 1, 2019 - 12:00am
Credit growth fell below double-digit level, easing to 9.3 percent in October from 10.5 percent in September amid the slower rise in loan disbursements to the production sector, according to the Bangko Sentral ng...
Economists see inflation uptick in November
by Lawrence Agcaoili - December 1, 2019 - 12:00am
Economists expect inflation to climb above one percent in November after easing for five straight months to bottom out at 0.8 percent in October.
More banks see robust growth this year
by Lawrence Agcaoili - November 29, 2019 - 12:00am
More bank presidents and chief executive officers are maintaining a double-digit growth in the industry’s profits, assets, deposits and loans this year, according to results of the latest Banking Sector Outlook...
AUB profit jumps 66% in 9 months
by Lawrence Agcaoili - November 29, 2019 - 12:00am
Rebisco Group-led Asia United Bank is confident of finishing the year strong as its net income jumped by 66 percent to P3.8 billion from January to September compared to P2.3 billion in the same period last yea...
AMA Rural Bank gets TRO on closure order by PDIC
by Lawrence Agcaoili - November 29, 2019 - 12:00am
AMA Rural Bank of businessman Amable Aguiluz has obtained a temporary restraining order preventing the Bangko Sentral ng Pilipinas and state-run Philippine Deposit Insurance Corp. from further implementing a closure...
Growth seen picking up to 6.7% next year
by Lawrence Agcaoili - November 29, 2019 - 12:00am
Nomura Securities Ltd. expects the country’s gross domestic product growth to pick up to 6.7 percent next year from the original target of six percent this year as Congress is on track to pass the 2020 national...
Merger of RCBC, thrift unit yields P700 million annual savings
by Lawrence Agcaoili - November 27, 2019 - 12:00am
Yuchengco-led Rizal Commercial Banking Corp. expects to save between P500 million and P700 million a year after its successful consolidation with its thrift banking arm.
Digitalization push to lessen demand for cash — BSP
by Lawrence Agcaoili - November 26, 2019 - 12:00am
The Bangko Sentral ng Pilipinas said yesterday the demand for cash may decline over the coming years amid the digitalization effort of the government, but assured there is adequate supply of currency, particularly...
Rate cut still possible before yearend — Diokno
by Lawrence Agcaoili - November 26, 2019 - 12:00am
The Bangko Sentral ng Pilipinas has not totally closed the door on another interest rate cut before the end of the year as inflation likely bottomed out last month.
BSP, government agencies ready roadmap for sustainable financing
by Lawrence Agcaoili - November 26, 2019 - 12:00am
The Bangko Sentral ng Pilpinas and key government agencies are finalizing a roadmap to promote sustainable finance, facilitate investment in public infrastructure, and mobilize funds to finance green and sustainable...
Green bond issuances seen to double to $2 billion
by Lawrence Agcaoili - November 26, 2019 - 12:00am
The green, social and sustainability bond market in the Philippines is expected to almost double to $2 billion next year amid the country’s strong macroeconomic fundamentals, according to American banking giant...
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