THE Bangko Sentral ng Pilipinas (BSP) on Monday reiterated the stability of the Philippine banking system following the collapse of two US banks.
Local banks are "strong and prepared to withstand possible shocks" and also have asset bases significantly different from those of US banks, the BSP said in notes sent to President Ferdinand Marcos Jr.
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
.