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DBP belies allegations it condoned loans from Lopez group

ABS-CBN News
Posted at Jan 18 06:14 PM

State-owned DBP on Monday belied allegations that it condoned or wrote off loans from businesses belonging to the Lopez Group of companies. Read more »

Banks keeping lending tight despite record low interest rates: BSP

ABS-CBN News
Posted at Oct 29 08:48 PM

Philippine banks remain reluctant to lend to businesses and households despite the central bank’s moves to encourage more lending to stimulate the economy, the Bangko Sentral ng Pilipinas (BSP) said on Thursday. Read more »

BDO posts P12.3-B income in the third quarter, cautions pandemic impact not yet over

ABS-CBN News
Updated as of Oct 26 03:09 PM

BDO Unibank said on Monday it posted P12.3 billion in net income in the third quarter despite the continuing impact of the pandemic. Read more »

Bangko Sentral backs FIST bill allowing banks to offload bad loans

ABS-CBN News
Posted at Sep 02 10:51 PM

BSP said the Financial Institutions Strategic Transfer (FIST) Act “will assist the financial system perform its role efficiently, mobilizing savings and investments for the country’s economic recovery as well as its sustained growth and development.”   Read more »

Measures eyed to help banks offload non-performing loans: BSP

ABS-CBN News
Posted at Aug 24 10:58 AM

Measures have been filed in both chambers of Congress that would help banks offload their non-performing loans, the Bangko Sentral ng Pilipinas said Monday.   Read more »

SONA 2020: Duterte backs bill allowing banks to dispose of bad loans

ABS-CBN News
Posted at Jul 27 11:12 PM

President Rodrigo Duterte on Monday called on lawmakers to pass a bill allowing banks to dispose of bad loans by transferring them to asset management companies.  Read more »

BSP says Philippine banks can withstand increase in bad loans caused by pandemic

ABS-CBN News
Posted at May 07 06:35 PM

The Bangko Sentral ng Pilipinas said Thursday the country’s banks are strong enough to withstand a possible increase in the number of non-performing loans as businesses reel from the effects of the COVID-19 pandemic.  Read more »