Read this in The Manila Times digital edition.
Despite the challenges from the COVID-19 crisis, the country's financial system remained sound and stable, with more-than-ample liquidity, sufficient capitalization, and satisfactory loan and asset quality. Three years of close supervision, sustained reforms, and timely pre-emptive measures by the Bangko Sentral ng Pilipinas (BSP) spelled resilience and robustness for the banking sector and the entire financial system.
