TERM DEPOSIT yields fell on Wednesday amid signals of further rate cuts by the Bangko Sentral ng Pilipinas (BSP), albeit smaller and fewer than initially expected. The central bank’s term deposit ...

The central bank ... The BSP said in a press statement that the December 2024 deficit reflected its net foreign exchange operations, as well as a drawdown on the national government’s deposits ...

That said, it authorizes the BSP to investigate bank deposits, e-wallets and other financial accounts involved in such crimes with the help of law enforcers. To help the investigations ...

Manila, Philippines – In response to the Bangko Sentral ng Pilipinas’ (BSP) press release titled Statement on AMA Bank Case issued on January 30, 2025, AMA Rural Bank of Mandaluyong ...

According to the BSP, as of October 2024, the agency had collected over P1 billion in coins, signifying the successful recirculation of idle currency into the economy. Benefits of bank deposits ...

Meanwhile, two more companies could potentially compete to become the country’s first Islamic digital bank. Speaking to reporters during the recent media information session of the BSP ...

BAGUIO CITY — The Philippines could see its first Islamic digital bank given interest from industry players, a senior Bangko Sentral ng Pilipinas (BSP) official said. A recent roadshow in Malaysia, ...

Deposits of over $10,000 are reported to the federal government -- but that doesn't mean you're in trouble. Be honest with your bank and don't try to avoid these reports. Make sure your bank even ...

Competitors are eager to pounce. There are many examples of deposit flight tied to M&A. For example, a decade ago, when a major multinational bank sold dozens of U.S. branches, several buyers told ...

These funds are sourced from customer deposits made to the bank for safekeeping or investment purposes. When borrowers default entirely, the financial stability of the banks is severely undermined ...

The Federal Bank has revised its fixed deposit interest rates starting Jan 10, 2025. Now this private bank offers up to 8 percent interest rate per annum on its FDs. The highest interest rate is ...