Page 119 - Bsp News Today

Earnings of Philippine banks went up by 16.7 percent to P143.12 billion in the first half from P122.67 billion in the same period last year, data from the Bangko Sentral ng Pilipinas showed.

Soured loans of Philippine banks dropped by almost 13 percent to P421.31 billion in end-June from P482.99 billion a year ago   as the industry continued to restructure more loans amid external headwinds brought about by the ongoing   pandemic and the Russia-Ukraine war.

The Bangko Sentral ng Pilipinas has cautioned the public against fraud, perpetrated through unsolicited emails or text messages, with links that redirect the mobile user to highly suspicious websites.

Read the Express-News letters to the editor for Aug. 7.

Bahujan Samaj Party (BSP) Chief Mayawati has congratulated Jagdeep Dhankhar on being elected as the countrys 14th Vice President.

Bahujan Samaj Party (BSP) chief Mayawati on Sunday congratulated former West Bengal Governor Jagdeep Dhankhar as he was elected as the Vice President on Saturday.

The Bangko Sentral ng Pilipinas is set to raise the bar of the reporting governance framework for pawnshops, as the industry continues to expand its range of products and services that it offers to the public.

 

The Bangko Sentral ng Pilipinas said the quickening of inflation to 6.4 percent in July from 6.1 percent in June has increased the possibility of a 50-basis-point increase in interest rates this month.

Economists expect the Bangko Sentral ng Pilipinas to extend the tightening cycle by hiking interest rates until next year to address soaring inflation.