Banking & Insurance
PH FATF grey list exit sets stage for econ growth, credit rating boost
The Bangko Sentral ng Pilipinas (BSP) has celebrated the country's removal from the Financial Action Task Force’s (FATF) grey list, a significant milestone in the country’s financial reforms in combating money laundering and terrorism financing. The FATF’s recent statement confirms that the Philippines has addressed critical deficiencies in its anti-money laundering (AML) and counter-terrorism financing (CFT) framework.
BSP unfreezes P300B in deposit reserves
The Bangko Sentral ng Pilipinas (BSP) has determined that the inflation and liquidity dynamics is such that the monetary board reduced the banks' reserve requirement ratios (RRRs) by 200 basis points (bps) beginning 28 March 2025.
EastWest Bank reports record net income of P7.6B for 2024
EastWest Banking Corp. posted record-high net income of P7.6 billion for 2024, a 25 percent increase over the year prior.
T-bill rates rise at auction after BSP pause
Average rates of treasury bills rose at the auction held Monday, with the dealers of government securities driving up yields after the Bangko Sentral ng Pilipinas decided last week to hit the pause button on monetary policy easing.
Markets price in BSP rate cut amid economic pressures – Manulife
The Philippine equity markets are factoring in a potential 25-basis-point (bps) rate cut by the Bangko Sentral ng Pilipinas (BSP) at its upcoming policy meeting this Thursday, according to Manulife Investment Management Philippines.
