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THE Department of Energy (DOE) expects the recent initiative by the Bangko Sentral ng Pilipinas (BSP) to expand financing for sustainable energy projects would stimulate lending to renewables. This was what Energy Secretary Raphael P.M. Lotilla pointed out last Thursday as the DOE continues to seek funding for the Philippine…
THE Monetary Board (MB) has greenlit additional temporary measures, including the reduction of the reserve requirement rate on sustainable bonds, to entice banks to extend more loans for green or sustainable activities. The Bangko Sentral ng Pilipinas (BSP) said the temporary measures, to be effective for two years, “incentivize” banks…
Lok Sabha Member of Parliament from Shirur constituency of Maharashtra Dr Amol Ramsing Kolhe has
Banks’ operations have resumed to almost full capacity after a number of BSP supervised financial institutions (BSFIs) were forced to shut down during the COVID Omicron surge in the first weeks of January,Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said “From the peak in COVID-19
THE Bangko Sentral ng Pilipinas (BSP) urged banks to apply the separate Single Borrower’s Limit (SBL) for project-finance exposures after monetary authorities earlier relaxed measures on the limit. In a virtual briefing on Thursday, BSP Governor Benjamin E. Diokno said applying the separate SBL is still subject to compliance with…