The profit growth of mid-sized banks in the first half of the year outpaced the growth of the entire banking sector, reflecting its strong footing in extending loans and preserving the interest of depositors.
MORE thrift banks are expected to use digital finance with around 20 percent tapping digital payment rails, InstaPay and PesoNet, according to the Bangko Sentral ng Pilipinas (BSP). In a keynote message at the Chamber of Thrift Banks on Wednesday, Central Bank Governor Felipe Medalla said 25 percent of thrift…
Bangko Sentral ng Pilipinas (BSP) Governor Felipe M. Medalla said the depreciating peso is adding more pressures to the country’s elevated inflation, perhaps more so than originally observed.
“Adding further to inflationary pressures was the movement of the peso,” said Medalla in a Chamber of Thri
Amid peso depreciation: Medalla vows to act decisively bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.
Banking groups hope incoming administration can address economic risks, industry concerns bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.