Finance

There is no excerpt because this is a protected post.

The Bangko Sentral ng Pilipinas (BSP) on Thursday announced it would shift to a medium-term inflation target, as it kept policy rates steady for the ninth time on the back of manageable price increases. In a press briefing, BSP Governor Amando Tetangco Jr. said the Monetary Board decided to keep the overnight borrowing or reverse…

THE BANKING industry’s bad debts remained below 4 percent of their total loan portfolio for the 20th month in a row, easing by 0.03 point to 3.37 percent in May from the April level.

ON the heels of an increase in its financing requirement this year, the Aquino administration on Monday failed to raise the full amount it had planned to borrow through the sale of Treasury bills. At an auction, the government raised P6.450 billion, or lower than the scheduled issuance of P8 billion. It expects P6.5 billion…

MANILA, Philippines – The country’s external debt went up by 5.6 percent as of the first quarter of the year due to higher borrowings by private enterprises and the National Government, the Bangko Sentral ng Pilipinas (BSP) reported yesterday.

MANILA, Philippines – Corporate and individual borrowers continued to enjoy lower interest rates in May although slightly higher compared with the rates in April as the Bangko Sentral ng Pilipinas (SBP) continued to disengage from crisis intervention measures.

MANILA, Philippines – The Bureau of the Treasury (BTr) sold P7.185 billion worth of Treasury bills (T-bills) in an auction yesterday, the last debt sale under the Arroyo administration.

BENCHMARK interest rates rose across the board at Tuesday’s auction of short-dated Treasury bills.The rate on the three-month T-bill, which banks use in pricing their loans, inched up 5.3 basis points to 3.919 percent from the previous auction.

MANILA, Philippines (Xinhua) – The non-performing loans (NPL) ratio of Philippine universal and commercial banks (U/KBs) eased to 3.40 percent in April, according to data issued today by the country’s central bank.

MANILA, Philippines – Filipinos are tapping more loans to purchase household appliances as well as furniture and fixtures or to pay taxes as well as hospital and educational bills as the country’s economic output zoomed to its fastest level in almost three years.

MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) has decided to keep its key rates at record low for eighth consecutive policy-setting meetings since July last year amid the ongoing debt turmoil in Europe, the growing tension between North and South Korea, and the stronger-than-expected gross domestic product growth in the first quarter of…

THE FINANCE department has drawn up a “wish list” for the incoming administration in the hope that fiscal consolidation will continue to be pursued. The items form part of a transition report submitted last May 21 to Malacañang for forwarding to the next Palace occupant.

TOKYO — The developed world is suffering from a “debt curse,” with the worst case — Japan — expected to take up to 2084 to bring its public debt down to an acceptable level, a study said on Wednesday.

Bank borrowers enjoy lower loan rates Pilipinas (BSP) continued to disengage from crisis intervention measures as economic conditions steadily show signs of improvement and as financial markets remain stable.

THE Asian Development Bank (ADB) warned the Philippines and other developing countries of a possible asset bubble due to a sharp rise in capital inflows and the appreciation of currencies in the region.

MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) has noted an increased competition among universal and commercial banks by lowering their margins on loans to top corporations and large middle market enterprises.

MANILA, Philippines – The government sold P5.34 billion worth of Treasury bills (T-bills) in an auction yesterday, less than the offer of P8 billion as the auction committee decided to settle for partial awards for the 91- and 364-day debt paper.

MANILA, Philippines – The ratio of non-performing loans (NPL) of universal and commercial banks to the industry’s total loan portfolio continued to improve as of end-March this year as corporate and individual borrowers were able to pay their outstanding financial obligations on time, the Bangko Sentral ng Pilipinas (BSP) reported yesterday.

MANILA, Philippines – The real lending rate in the Philippines continued to slide in the first quarter of the year due to the steady decline in nominal bank lending rates, the Bangko Sentral ng Pilipinas (BSP) reported yesterday.

After contracting 4.5 percent, the operating income of local banks and financial institutions grew 7.1 percent last year to P315.7 billion, Bangko Sentral ng Pilipinas (BSP) data released recently showed.

BENCHMARK interest rates were mixed at Monday’s auction of Treasury bills, as the government said its first-quarter budget deficit stayed below its ceiling.

MANILA, Philippines – The number of banks in the country was reduced by 33 last year as the Bangko Sentral ng Pilipinas (BSP) continued to encourage major players to consolidate to boost the industry’s capital and client base as well as asset quality.

MANILA, Philippines – Corporate and individual borrowers continued to enjoy lower rates as banks have slashed interest rates by 2.22 percentage points since the Bangko Sentral ng Pilipinas (BSP) started its easing cycle to boost the economy.

There is no danger of asset bubbles forming in the Philippines, unlike in other countries in the region, but the Bangko Sentral ng Pilipinas (BSP) should raise rates within a year so asset prices will not surge to dangerous levels, an economist from the Hongkong and Shanghai Banking Corp (HSBC) said.

MANILA, Philippines – Treasury bill (T-bill) rates fell across the board as investors swarmed the first auction of government securities for the second quarter of the year, the Bureau of the Treasury (BTr) reported yesterday.

MANILA, Philippines – State-run Philippine Deposit Insurance Corp. (PDIC) has barred banks or its directors, officers, and employees from marketing and promoting transactions that constitute or emanate from unsafe and unsound banking practices.

MANILA, Philippines – The country’s external debt slipped by 1.1 percent last year as the debt payments of the National Government and private enterprises exceeded fresh borrowings, the Bangko Sentral ng Pilipinas (BSP) reported yesterday.

MANILA, Philippines – Total resources of the country’s banking sector went up by 7.5 percent last year as the industry remained stable despite the global financial crisis, data from the Bangko Sentral ng Pilipinas (BSP) showed.

RP’s 10 biggest banks post combined profits of P50b The 10 largest banks in the Philippines posted a combined net income of close to P50 billion last year amid the recovery of the global economy in the fourth quarter.

MANILA, Philippines – The ratio of bad loans of universal and commercial banks to the industry’s total loan portfolio improved in January after falling to its lowest level in 13 years last year on the back of the country’s resilient eco-nomy that enabled household and corporate borrowers to pay their outstanding financial obligations.