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Private sector wants to use Covid jab stock for boosters

BSP: Thrift banks in strategic position to further promote financial inclusion

BSP: Thrift banks in strategic position to further promote financial inclusion
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Diokno asks thrift banks to leverage advantages

THRIFT banks are “strategically positioned” to be catalysts of financial inclusion, especially after maintaining a foothold in the market amid disruptions caused by the global health crisis, the Bangko Sentral ng Pilipinas (BSP) governor said. In his keynote speech at the Chamber of Thrift Banks (CTB) virtual convention last Tuesday,…

Gov t boosts digital payments adoption in PH

BSP Governor Benjamin Diokno (file photo) MANILA - The government continues to strengthen its partnership with banks and related institutions to further improve the level of digital payments in the country. In his speech during the Chamber of Thrift Banks (CTB) virtual convention on Tuesday, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno highlighted the importance of banks' contribution in increasing the public's access to improved financial services and their cooperation in the reforms towards financial inclusion. "Thrift banks are strategically positioned to be a catalyst for financial inclusion with an extensive network of 2,744 banking offices as of end-August 2021 that are spread in different regions throughout the country," he said. Diokno said the country's strong macroeconomic fundamentals and ongoing reforms can be used by the thrift banking sector in the quest to be more resilient post-pandemic. He said the central bank, for one, has issued t

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