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While not yet confirmed, Cacdac also receives a nod of approval from other lawmakers citing his decades-long government service helping overseas Filipino workers
RISK appetites have risen as expected threats failed to materialize last year, the Financial Stability Coordination Council (FSCC) said, opening up opportunities not only for businesses but also regulators to prepare for and prevent future shocks.
Total deposits in the Philippine banking system continued to grow reaching P16.2 trillion in 2021, 9.0 percent higher than the P14.9 trillion recorded a
MANILA- The use of digital platforms enabled the Philippine Deposit Insurance Corp. (PDIC) to significantly cut its clearing time in settling a total of 19,184 deposit insurance claims and in resolving over 30,000 loan accounts in closed banks in 2021. In a report to Finance Secretary and PDIC Board chairman Carlos Dominguez III, PDIC president and chief executive officer Roberto Tan said deposit insurance claims filed last year involving 10 banks with no more than 3,000 accounts each were settled in 17 to 22 working days, significantly faster than its target of 27 working days. Meanwhile, all...
PDIC, DBP sign agreement for multi-channel payment facility