THE Bangko Sentral ng Pilipinas (BSP) said the foreign currency deposit units (FCDU) are still supportive of the country's economic recovery due to asset quality and deposit and profitability growth.
In a press briefing on Thursday, BSP Governor Benjamin Diokno defined FCDUs as a unit of a local bank or a branch of a foreign bank authorized by the central bank to accept foreign currency deposits.
Already have an active account? Log in here.
Continue reading with one of these options:
Continue reading with one of these options:
Premium + Digital Edition
Ad-free access
P 80 per month
(billed annually at P 960)
- Unlimited ad-free access to website articles
- Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)
TRY FREE FOR 14 DAYS
See details
See details
If you have an active account, log in
here
.