CEBU — Four additional digital banks could start operating as early as next year with the lifting of a moratorium on new licenses, a Bangko Sentral ng Pilipinas (BSP) official said.
"Normally, the chartering is completed within 3 to 4 months, assuming that they have already submitted all the requirements [they can operate already]," Melchor Plabasan, senior director of the BSP Technology Risk and Innovation Supervision Department (TRISD), told reporters at the sidelines of the BSP-IMF Systemic Risk Dialogue on Wednesday.
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
.