Bangko Sentral ng Pilipinas
The Bangko Sentral ng Pilipinas (BSP) is the central bank of the Philippines.
PH bank lending accelerates to 11.4% in April on business demand
PH bank lending accelerates to 11.4% in April on business demand
Consumer loans continued to show growth but moderated from March levels.
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Philippines to tighten oversight of pawnshops and NBFIs
The council is also working to improve its monitoring of risks and interlinkages in the system.
Philippine banks resilient but energy and debt risks loom: regulators
Sectors sensitive to energy and interest rates were flagged by the stability council.
More than half of Filipinos have financial accounts but few hold bank accounts
Lack of money and unemployment were amongst the biggest barriers to opening a bank account.
Philippine banks face ghost account reckoning amidst biometrics push
It is going down the same route as Vietnam, where a re-verification mandate shuttered millions of ghost accounts.
Philippine bank lending accelerates to 9.5% growth in February
Loans for residents and business activities expanded during the month.
The Philippines’ central bank calls for a 24/7 payment system
A round-the-clock operation will enable real-time payment settlement and further economic activities.
Credit card, production drive Philippine bank lending growth in April
Loans to non-residents declined at a faster rate.
Philippine banks' lending grows at a slower pace in March 2025
Consumer loans grew 23.6% from more credit cards, motor vehicles, and general loans.
BSP warns of entity fraudulently using its name and logo
The entity collects fees and personal info to purportedly secure clearance for loans.
Majority of Philippine banks maintain loan standards in Q1
Over 8 in 10 banks anticipate maintaining loan standards in Q2 2025.
PH central bank, IFC to promote movable asset finance
Borrowers can secure loans using inventories, receivables, and equipment.
Philippine banks and insurers called to pursue human-centred AI adoption
AI adoption should be centered on financial inclusion, customer experience, and personalisation.
BSP welcomes the Philippines' removal from AML/CFT grey list
The central bank said that it has strengthened its AML/CFT regime.
PH central bank unveil council for strengthening cyber resilience
The council will implement the BSP’s Financial Services Cyber Resilience Plan.
Lending by PH banks’ foreign currency deposit units declined 2.7% in Q2
Top sectors who took out loans are merchandise and service exporters, and power companies.
Philippine banks anticipate loan growth, steady NPL outlook
Most foreign and large banks anticipate their NPL ratios to be below 5%.
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