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More articles about: BSP

 
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This story has a happy ending.
We’ve all practically been conditioned to expect bad news whenever we scroll through our Facebook feeds, but for once, we have good, uplifting news for you. The Bangko Sentral ng Pilipinas (BSP) helped a 70-year-old ice delivery man recover P50,000 after his ...
 
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The moratorium will last for three years.
No new applications for digital banking licenses will be accepted after August 31, 2021, the Monetary Board of the Bangko Sentral ng Pilipinas announced on Thursday (August 19). The moratorium will take effect over the next three years so the BSP can ...
 
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But more companies want in on the action.
The Bangko Sentral ng Pilipinas has granted Union Bank of the Philippines’ application to establish a digital bank in the country. Union Digital Bank or UnionDigital, which is a wholly owned subsidiary of UnionBank, is the fourth digital-only bank to be granted ...
 
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It’s a milestone for the Philippine operations of a Singapore-based neobank.
The Bangko Sentral ng Pilipinas (BSP) has received numerous applications for a digital bank license, but for the first time, it has granted one to a purely digital bank in the country. Tonik, a 100 percent digital-only bank whose holding company is based ...
 
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There's also a medal to commemorate the 500th anniversary of the Battle of Mactan.
This year, the Philippines is commemorating the 500th anniversary of Magellan’s landing in the Philippines. We all know the story of how Lapu-Lapu and his warriors killed the Spanish explorer and drove out his men in the Battle of Mactan that happened ...
 
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The central bank said the new logo was developed in-house.
The Bangko Sentral ng Pilipinas has denied that it spent millions of pesos to develop its new logo. In a statement, the BSP said the “new logo was developed by in-house talents who shared their skills in the process. Thus, no procurement was ...
 
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And what are the largest banks in each category based on total assets.
According to most recent data, more than 70 percent of the population of the Philippines remains unbanked—or those that do not yet have an account with a bank or formal financial institution. In the Philippines, banks are classified into three main categories: rural ...
 
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It’s a long-term investment for the Filipino youth.
Financial literacy has been a topic of concern in the Philippines for quite some time, a fact that the Bangko Sentral ng Pilipinas (BSP) is well aware of. In 2015, a World Bank study reported that Filipino adults could only correctly answer ...
 
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But a majority of them still have a negative sentiment about their current economic situations.
The consumer confidence index, which the Bangko Sentral ng Pilipinas (BSP) uses to measure Filipinos’ current sentiments about their households, stood at -0.5 for the first quarter of 2019.While the negative index means that more consumers are pessimistic rather than optimistic about ...
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