MSME loans show resilience in Philippine banking sector, reach P236.9 billion
May 28, 2023
This represents an impressive 11.3 percent increase compared to the same period last year.
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This represents an impressive 11.3 percent increase compared to the same period last year.
The Bangko Sentral ng Pilipinas (BSP) asserts its prowess in inflation forecasting, highlighting a long-standing record of unwavering accuracy, impartiality, and efficiency over the past 12 years.
The Government Service Insurance System (GSIS) is gearing up its emergency loan program to provide assistance to members and pensioners nationwide who may be adversely affected by the impending arrival of Typhoon Betty.
The net outflows of short-term foreign investments or “hot money” widened in April to $351.87 million from only $70.26 million the previous month.
DBP Chairman Dante O. Tiñga believes that the Supreme Court will have the final say on the proposed merger between the Development Bank of the Philippines (DBP) and the Land Bank of the Philippines, with stakeholders potentially challenging the merger before the court.
Total assets of the banking sector in the Philippines increased by 11 percent to P23.09 trillion in the first quarter of the year, driven by growth in deposits and loans, according to data from the Bangko Sentral ng Pilipinas (BSP).
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