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Banks reported combined net profits of P143.12 billion as of end-June this year, up by 16.67 percent from P122.67 billion same time in 2021.
The country’s banking system also posted lower bad debts written off of P1.81 billion in the first half, down by 63.32 percent compared to end-June 2021 of P
The Bangko Sentral ng Pilipinas (BSP) said the periodic review and refinement of the list of domestic systemically important banks (D-SIBs) will be based on the latest data instead of end-year information they are currently using. Banks considered as D-SIBs are those whose distress or disorderly fa
The Bangko Sentral ng Pilipinas (BSP) will not publicly disclose its list of domestic systemically important banks (D-SIBs) for fear that releasing the identities of the “too big to fail” banks could be viewed as “endorsements”. Banks considered as D-SIBs are the country's largest lenders. D-SIBs a