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Bank deposits grew 8.2 percent in the first half, boosting the total resources of the country’s banking industry, the Bangko Sentral ng Pilipinas (BSP) reported yesterday.

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The cost of borrowing from abroad fell in end-2013 after the country received another investment grade rating in October from a global debt watcher, the Bangko Sentral ng Pilipinas said.

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The Bangko Sentral ng Pilipinas said the peso will continue to be determined by market forces although it may lend a hand in smoothing out excessive volatility.

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                    [Title] => Assets of Phl banks steady at P7.4 trillion
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Total assets of banks operating in the Philippines grew 9.6 percent as of end-September last year depite economic uncertainties in advanced economies led by the US as well as the debt crisis in Europe, the Bangko Sentral ng Pilipinas (BSP) reported over the weekend.
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ECONOMIC AND FINANCIAL DEVELOPMENTS

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                    [Title] => Assets of Phl banks steady at P7.4 trillion
                    [Summary] => 
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abtest

Bank deposits rise to P6.8 T

By Lawrence Agcaoili | September 24, 2015 - 10:00am

Bank deposits grew 8.2 percent in the first half, boosting the total resources of the country’s banking industry, the Bangko Sentral ng Pilipinas (BSP) reported yesterday.

Business

‘Economic fundamentals remain solid’

By Kathleen A. Martin | December 25, 2014 - 12:00am

The Bangko Sentral ng Pilipinas (BSP) said the country’s economic fundamentals remain solid despite external risks and...

Business

Phl debt spreads narrow

By Kathleen A. Martin | April 4, 2014 - 12:00am

The cost of borrowing from abroad fell in end-2013 after the country received another investment grade rating in October from a global debt watcher, the Bangko Sentral ng Pilipinas said.

Business

Number of banks down in 2013

By Kathleen A. Martin | March 31, 2014 - 12:00am

The number of banks declined to 673 in 2013 from 696 in the previous year, according to the central bank’s latest Report on Economic and Financial Developments.

Business

Market forces to dictate forex rates – BSP

By Kathleen A. Martin | January 6, 2014 - 12:00am

The Bangko Sentral ng Pilipinas said the peso will continue to be determined by market forces although it may lend a hand...

Business

Phl debt spreads widen

By Kathleen A. Martin | January 3, 2014 - 12:00am

The cost of borrowing from abroad went up in the third quarter of 2013 on the back of perceived riskier emerging market assets,...

Business

BSP ready to counter impact of weak global economy

By Kathleen A. Martin | September 30, 2013 - 12:00am

The Bangko Sentral ng Pilipinas (BSP) said it is ready to counter any impact of the still gloomy global outlook on the Philippine...

Business

Capital inflows still a concern for BSP

June 24, 2013 - 12:00am

Capital inflows remain a top concern for the Bangko Sentral ng Pilipinas (BSP) despite the recent financial market volatility...

Business

PhilPaSS transactions up 10% in Q1

By Lawrence Agcaoili | July 1, 2012 - 12:00am

The total value of financial transactions that passed through the central bank’s Philippine Payments and Settlements System (PhilPaSS) posted a double digit growth of 10.1 percent in the first quarter of the...

Business

Assets of Phl banks steady at P7.4 trillion

By Lawrence Agcaoili | January 9, 2012 - 12:00am

Total assets of banks operating in the Philippines grew 9.6 percent as of end-September last year depite economic uncertainties in advanced economies led by the US as well as the debt crisis in Europe, the Bangko...

Business