BAP: PH banks can withstand ABSCBN shutdown
The Philippine banking system can withstand credit losses that may arise from the shutdown of broadcasting giant ABS-CBN Corp., the Bankers Association of the Philippines assured on Tuesday. From this…
BSP says PH banking system strong enough to withstand pandemic
The country’s banking system is strong enough to withstand the economic downturn caused by the coronavirus pandemic, thanks to the industry’s prudential measures and conservative practices, the central bank said…