BSP proposes minimum P3-B capitalization for Islamic banks, consultations ongoing
The Monetary Board, the policy-making arm of the Bangko Sentral ng Pilipinas (BSP), is proposing that capital requirements for Islamic banks be made similar to conventional banks. Once approved, this figure could range between P3 billion to P20 billion, depending on how many branches would be put up. “No final decision yet. Consultations are ongoing,” […]