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No bank sought BSP support since pandemic

Not a single bank applied for financial assistance since the pandemic began in 2020, according to the central bank’s highest-ranking official. “No bank needed financial assistance,” Bangko Sentral ng Pilipinas (BSP) Governor Felipe M. Medalla told Manila Bulletin. Medalla is referring to all banks

BSP finalizing review of rural banks capital – Manila Bulletin

The Bangko Sentral ng Pilipinas (BSP) is finalizing its review of rural banks’ required minimum capital to ensure a safe, sound and well-capitalized small banks’ sector. “The BSP is in the final stages of its review of the minimum capital requirements for rural banks, which considers the evolving f

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