Economy, News

BSP report says PH financial system is exhibiting resilience, supports economic recovery

calendar_today May 7, 2024 schedule 2 min read

The Bangko Sentral ng Pilipinas (BSP) recently issued its Report on the Philippine Financial System for the second semester of 2023, highlighting the Philippine financial system’s resilience amidst macroeconomic uncertainties while supporting the country’s economic recovery and growth. IMAGE CREDIT: www.bsp.gov.ph The report covers the performance of foreign bank branches and subsidiaries, foreign currency deposit […]

ADB loan worth US$300 million seen to boost the Philippines’ financial inclusion goals

calendar_today October 19, 2023 schedule 3 min read

The Asian Development Bank (ADB) has approved a US$300 million policy-based loan to support the Philippine government in creating a stronger institutional and policy environment to help expand Filipinos’ access to financial services, particularly the vulnerable segment of the population, and to promote economic growth. ADB is helping expand Filipinos’ access to financial services. (IMAGE […]