Home Tags Banks

Tag: banks

Gov’t makes full award of Treasury bills

By Karl Angelo N. Vidal THE GOVERNMENT made a full award of the P20 billion it planned to raise through the auction of Treasury bills...

Targeting unbanked Mindanaoans

By Melissa Luz T. Lopez Senior Reporter EFFORTS by the administration of President Rodrigo R. Duterte to make economic growth more inclusive extend to the financial...

Goldman sees cryptocurrencies, credit shadowing robust 2018 US economy

FINANCIAL IMBALANCES including those in credit markets and cryptocurrencies will shadow an otherwise robust 2018 US economy, said Goldman Sachs Group, Inc. economist Jan...

Credit cards to become obsolete as e-payments reign — FICO

THICK WALLETS will soon become things of the past as physical credit cards may begin to be obsolete in 2018 with digital payment schemes...

Seven-day term deposits attract higher demand

By Melissa Luz T. Lopez, Senior Reporter LENDERS opted to place more funds under the central bank’s term deposit facility (TDF) this week, driving yields lower...

Nonperforming loans of thrift banks climb at end-Oct.

BAD DEBTS held by thrift banks picked up by nearly a tenth as of October, although slower than the growth in total loans extended...

Central bank further relaxes rules on private sector’s FX access

THE BANGKO SENTRAL ng Pilipinas (BSP) has further relaxed its foreign exchange (FX) rules by making it easier for the private sector to tap...

Strong demand boosts yields on 7-day deposits

By Melissa Luz T. Lopez, Senior Reporter YIELDS on week-long term deposits dropped yesterday amid strong demand as the central bank decided to stop offering month-long...

EU banks told to get crisis-ready by removing wind-down hurdles

BIG EURO-AREA lenders face a choice; clean up the complicated corporate structures that make them difficult to wind down in a crisis, or watch...

Big banks’ NPLs rise 9%

By Melissa Luz T. Lopez, Senior Reporter BAD DEBTS held by big banks grew by nearly a tenth in October but accounted for an even smaller...

BSP sees ‘muted’ impact from fresh US interest rate hike

FINANCIAL MARKETS could see some hiccups as a response to a fresh interest rate hike in the United States, although its impact is expected...

Poll: Monetary policy stable as year ends

By Melissa Luz T. Lopez Senior Reporter THE CENTRAL BANK will likely maintain policy settings when it meets on Thursday as inflation and liquidity remain manageable,...

Banks eye global bond offer

INTERNATIONAL BANKS have expressed interest in participating in the Philippines’ planned global bond issuance early next year, the Finance chief said, as the government...

China’s banks need more capital after credit boom

CHINA’S banks should increase their capital buffers to protect against any sudden economic downturn following a credit boom, the International Monetary Fund (IMF) said. In...

TDF bids remain weak despite cut in offerings

TERM DEPOSITS offered by the central bank yesterday continued to see tepid demand, settling below the reduced auction volume ahead of an expected rate...

Confusion reigns as banks scramble to price FX; bond research under...

LONDON — How much are you worth? For the foreign exchange (FX) and bond analysts covering the world’s biggest markets, how much to charge...

Big banks’ NPLs climb

SOURED DEBTS held by big banks inched slightly higher in the third quarter as total loans surged by a fifth, latest central bank data...

NSFR guidelines set for release by yearend

By Melissa Luz T. Lopez, Senior Reporter THE CENTRAL BANK is looking to release guidelines on the net stable funding ratio (NSFR) by yearend, with...

IMF backs BSP plan to cut bank reserve requirement

By Melissa Luz T. Lopez, Senior Reporter TIGHTER liquidity conditions would likely be an opportune time for the Bangko Sentral ng Pilipinas (BSP) to trim...

Banks told to craft cyber risk management strategies

BANKS must craft new strategies on information security to manage, detect, and respond to cyber-attacks which could bog down operations, as part of tighter...

BSP rediscount lending rises in Oct., drops in 10 months

PHILIPPINE BANKS increased their usage of the Bangko Sentral ng Pilipinas (BSP) peso rediscount facility in October to P370 million, against P133 million in...

IMF flags sources of domestic risk

By Melissa Luz T. Lopez Senior Reporter THE CENTRAL BANK should be ready to deploy its tools to temper rapid credit growth in the Philippines, the...

BSP seen biding time on reserve ratio cut

ANY ADJUSTMENTS to the reserve requirement ratio (RRR) imposed on big banks may be considered next year at the earliest, economists said, as liquidity...

Banks, other financial firms told to set up round-the-clock cybersecurity centers

BANKS and financial entities must set up round-the-clock centers that will actively monitor and prevent cyber-attacks, as part of the stricter guidelines issued by...

Financial technology to boost banks’ revenues

THE ADOPTION of financial technology could reap better revenues for Philippine banks, which would provide some lift to narrowing margins at a time of...

PCHC sees earlier cleared funds availability in banks

THE PHILIPPINE Clearing House Corp. (PCHC) expects earlier fund availability in a few months, with lenders implementing one-day check clearing as mandated by the...

Central bank tightens liquidity watch

THE CENTRAL BANK will impose tighter liquidity management rules on banks to include monitoring of foreign currency exposure and cash positions across intraday and...

Central bank eases credit limits to back development financing

THE BANGKO SENTRAL ng Pilipinas (BSP) has eased credit limits imposed on banks in lending to their subsidiaries and affiliates, effectively freeing up more...

Banks’ lending standards mostly unchanged in Q3

BANKS kept their lending criteria largely steady during the third quarter, according to a central bank survey. Results of the Senior Bank Loan Officers’ Survey...

BSP sets rules on closer real estate watch

THE BANGKO SENTRAL ng Pilipinas (BSP) is tightening its watch on real estate loans from rural banks as part of a lookout for bubbles...

Banks seen staying strong despite competition

PHILIPPINE BANKS are seen to remain resilient despite increased competition from new foreign players entering the country as the homegrown lenders enjoy the “healthiest”...

Banks borrow P133M from Bangko Sentral’s rediscount facility in September

PHILIPPINE BANKS continued to avail of rediscount loans from the Bangko Sentral ng Pilipinas (BSP) in September even as the total amount dropped from...

Lenders set up payments management body

PHILIPPINE BANKS have set up a self-governing body that will facilitate and monitor the clearing of electronic payments, parallel to efforts led by the...

Banks’ soured debts still manageable as of July

BIG BANKS saw marginal growth of soured debts as of July even as total loans surged by a fifth from a year ago, keeping...

Moody’s flags default risk from retail lending

THE Philippine banking system should be stable over the next 12 to 18 months as banks are strong enough to accommodate “rapid” lending growth,...

New BSP moves to help avert bubbles

CLOSER OVERSIGHT by the Bangko Sentral ng Pilipinas’ (BSP) of two sectors with “strong loan growth” will boost its capability to detect “blind spots”...

Hong Kong eyeing $483-trillion global derivatives market

HONG KONG is gearing up to grab a bigger slice of the $483-trillion global derivatives market as regulatory upheaval in Europe increases demand for...

S&P cites banks as infrastructure support

By Melissa Luz T. Lopez Senior Reporter PHILIPPINE banks are well-positioned to support lending for the government’s big-ticket infrastructure projects, an analyst at S&P Global Ratings...

BIR to expand lineup of agent banks in 2018

THE Bureau of Internal Revenue (BIR) will expand its list of Authorized Agent Banks as collections via electronic payment schemes rise in importance. BIR Deputy...

Yields on gov’t debt drop

By Christine J.S. Castañeda, Researcher YIELDS on government securities (GS) traded in the secondary market went down last week amid Bangko Sentral ng Pilipinas’ (BSP) decision...

Robust growth continues

By Leo Jaymar G. Uy Senior Researcher GROWTH in assets of the country’s biggest banks continued to be robust last quarter, fuelled by these lenders’ aggressive...

Foreign banks eye PHL presence

By Melissa Luz T. Lopez, Senior Reporter AT LEAST two global banks are looking to establish their presence in the Philippines, the central bank chief said,...

PHL banks to continue expanding in 2017, 2018

By Janine Marie D. Soliman, Reporter THE PHILIPPINE banking industry is expected to continue growing this year and next, driven by the sector’s low interest rates,...

PDIC to bid out P1.7-billion worth of properties

THE PHILIPPINE Deposit Insurance Corp. (PDIC) will bit out next week P1.7-billion worth of real estate properties, with proceeds to be used to pay...

Banks extend more loans to small businesses

BANKS extended more loans to small businesses during the first quarter, latest data showed, with the central bank pushing lenders to offer more digital...