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AUTHORS
Keisha Ta-Asan
Keisha Ta-Asan
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Philippine lags in ASEAN credit growth indicators
by Keisha Ta-Asan - May 21, 2024 - 12:00am
The country’s credit growth is seen declining over the next two quarters, compared to its Association of Southeast Asian Nations peers, Bank of America Global Research said in a report.
Analysts mixed on timing of BSP rate cut
by Keisha Ta-Asan - May 20, 2024 - 12:00am
Local and foreign analysts are divided on whether the Bangko Sentral ng Pilipinas (BSP) has room to cut ahead of the US Federal Reserve, as doing so may put pressure on the peso.
BSP wants stricter policies vs erring bank personnel
by Keisha Ta-Asan - May 20, 2024 - 12:00am
he Bangko Sentral ng Pilipinas (BSP) is looking to require its supervised financial institutions to have a policy in determining the process and criteria on when to file legal cases against erring personnel, including...
Tighter-than-necessary rate environment on BSP’s radar
by Keisha Ta-Asan - May 19, 2024 - 12:00am
The Bangko Sentral ng Pilipinas (BSP) is beginning to see a tighter-than-necessary monetary policy environment, which may call the need to lower interest rates in the second half even if it cuts ahead of the US Federal...
Maya Bank, WeFund ink P2.75 billion loan channeling deal
by Keisha Ta-Asan - May 19, 2024 - 12:00am
Digital lender Maya Bank and WeFund Lending Corp., through Lightning Financing Co., have inked a P2.75-billion loan channeling deal to boost credit accessibility for the unbanked and underserved communities in the...
BSP seen defending peso at below 58:$1
by Keisha Ta-Asan - May 19, 2024 - 12:00am
The peso has been a “clear laggard” among Asian currencies against the dollar recently, which may prompt the Bangko Sentral ng Pilipinas (BSP) to defend the local unit and keep it below the 58 to...
Maya loan releases hit P34 billion
by Keisha Ta-Asan - May 18, 2024 - 12:00am
Maya Bank has disbursed over P34 billion in loans as of end-March, with 59 percent of its borrowers accessing credit for the first time through the lender.
BSP may cut big banks’ RRR to 5 percent
by Keisha Ta-Asan - May 18, 2024 - 12:00am
The Bangko Sentral ng Pilipinas (BSP) is looking at a significant reduction in the level of deposits banks are required to keep with the central bank after it starts  cutting interest rates this year, its top...
BSP keeps rates on hold as expected
by Keisha Ta-Asan - May 17, 2024 - 12:00am
The Bangko Sentral ng Pilipinas hit the pause button for the fifth straight policy meeting as it kept the benchmark interest rates steady yesterday, but it may start cutting borrowing costs as early as August if...
Security Bank earns P2.6 billion in Q1
by Keisha Ta-Asan - May 16, 2024 - 12:00am
Security Bank Corp. earned 11 percent more to P2.62 billion in the first three months from P2.36 billion in the same period last year amid the robust growth in the bank’s retail and micro, small, medium enterprise...
Remittances grow at slowest pace in eight months
by Keisha Ta-Asan - May 16, 2024 - 12:00am
Dollars sent home by overseas Filipino workers climbed by 2.6 percent to a two-month high in March, although it was the slowest growth pace in eight months, according to the Bangko Sentral ng Pilipinas.
Agriculture loans surge to P3.2 trillion
by Keisha Ta-Asan - May 15, 2024 - 12:00am
Loans extended by banks to the agriculture sector significantly rose to P3.2 trillion as of June 2023 from the P848 million agri-agra credit allocated in the same period in 2022, the Bangko Sentral ng Pilipinas...
Banks ease exposure in real estate in 2023
by Keisha Ta-Asan - May 15, 2024 - 12:00am
The exposure of Philippine banks and trust entities to the volatile property segment eased slightly to 20.17 percent of total loans in end-December 2023 from 20.55 percent in end-September last year, data from the...
PBCom profit drops 8.4 percent in 3 months
by Keisha Ta-Asan - May 14, 2024 - 12:00am
Philippine Bank of Communications posted a net income of P496 million in the first quarter of the year, down by 8.4 percent from a year ago due to higher operating expenses.
RCBC income nets P2.2 billion in Q1
by Keisha Ta-Asan - May 14, 2024 - 12:00am
Rizal Commercial Banking Corp. reported a net profit of P2.2 billion in the first quarter, 39.4 percent lower compared to the P3.64 billion recorded in the comparable quarter last year.
Moody’s: BSP rate cut could start in August
by Keisha Ta-Asan - May 14, 2024 - 12:00am
The Bangko Sentral ng Pilipinas could cut borrowing costs by 25 basis points as early as August, and another 25 bps in the fourth quarter, if inflation and the peso stabilize in the second half of the year, Moody’s...
Philippines bank assets hit P25.6 trillion
by Keisha Ta-Asan - May 14, 2024 - 12:00am
Total assets of the Philippine banking system rose by more than 10 percent to breach the P25-trillion level in the first quarter of the year, according to the Bangko Sentral ng Pilipinas.
Banks reap P92 billion profit in 3 months
by Keisha Ta-Asan - May 13, 2024 - 12:00am
Philippine banks turned more profitable in the first quarter, reaping almost three percent higher earnings to P92 billion due to higher net interest income. 
FDI inflows soar to 26-month high
by Keisha Ta-Asan - May 13, 2024 - 12:00am
The net inflow of foreign direct investments (FDI) picked up for a second straight month in February, surging to its highest level in more than two years, the Bangko Sentral ng Pilipinas (BSP) said.
Analysts expect no change in BSP policy rates
by Keisha Ta-Asan - May 13, 2024 - 12:00am
Monetary authorities are likely to keep borrowing costs unchanged as inflation turned out slower than expected and economic growth seems to hold up despite the high interest rate environment, analysts said.
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