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New PNB chairman, president appointed

Philippine National Bank has announced that its board of directors has approved the appointment of Edgar Cua as chairman and Florido Casuela as president following the bank’s annual stockholders’ meeting held on April 25.

Career central banker named new deputy governor

BSP names new deputy governor

BSP names new deputy governor Lawrence Agcaoili © STAR/File BSP names new deputy governor MANILA, Philippines The Bangko Sentral ng Pilipinas (BSP) has added a new deputy governor with expertise in digital payments, as part of efforts to transform the country from a cash-heavy into a cash-light economy and a coinless society over the next five years. Mamerto Tangonan, a digital financial services expert with over 20 years of experience, has been named as the fourth deputy governor of the BSP. Tangonan now heads the BSP’s Payments and Currency Management Sector. He joins Deputy Governors Francisco Dakila Jr. of the Monetary and Economics Sector, Chuchi Fonacier of the Financial Supervision Sector, and Maria Almasara Cyd Tuaño-Amador of the Corporate Services Sector.

BSP prepares for post-pandemic economy

Published February 22, 2021, 6:00 AM The Bangko Sentral ng Pilipinas (BSP) has started its comprehensive review and assessment of when to reduce or scale back the size of liquidity and COVID-19 relief measures to avoid financial distress post-pandemic. So far, the BSP has infused the financial system P2 trillion in liquidity, or about 11 percent of gross domestic product. “With this amount of liquidity, we are carefully assessing the appropriate timing of the unwinding of all these measures,” said BSP Governor Benjamin E. Diokno during the BSP’s “Ulat Sa Bayan” virtual version of its annual reception for the banking community, also known as Bankers Night.

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