Having been largely unaffected by the global economic turmoil of the second half of 2011, banks in the Philippines are highly liquid and adequately capitalised. Performance indicators for 2011 have shown steady asset expansion, double-digit credit growth, above-standard solvency ratios and healthy bottom lines. Underscoring the resilience of the...
The Bangko Sentral ng Pilipinas (BSP), the country’s central bank, announced in 2011 it had approved revised guidelines on financial reporting and was modifying restrictions on the number of branches that can serve certain areas. BSP officials also indicated in late 2011 the regulator planned to accelerate the implementation of Basel III standards...
While there may be more than 700 banks in the Philippines, the six largest account for more than 60% of total assets. Despite the fact that many lenders around the world have taken a hit due to the global economic slowdown, most of the banks in the Philippines are doing quite well, posting good numbers in 2011. Moreover, the country’s banks are...
With mounting evidence that global economic activity is tipping towards a further slowdown, the Bangko Sentral ng Pilipinas (BSP) is actively deploying monetary policy to spur domestic demand while at the same time maintaining price stability.
What is the trade potential that would be unlocked by an ASEAN-EU Free Trade Agreement (FTA), and what are the main sticking points in its adoption?
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