South Luzon Regional Branch here is urging Bicolanos  to exchange their unfit peso bills and coins at the Liberty Commercial ...

It added that banks must accept mutilated currency “for referral or transmittal” to any BSP branches “for determination of redemption value.” However, the circular noted that replacing or ...

The Bangko Sentral ng Pilipinas (BSP) lifted the moratorium on new digital banking licenses this year, allowing 10 digital banks to operate in the country. This means that it will grant four available ...

THE BANGKO SENTRAL ng Pilipinas (BSP) is proposing amendments to regulations on non-deliverable exchange forward and swap contracts involving the peso, which will allow the pre-termination or ...

THE Bangko Sentral ng Pilipinas (BSP) is looking to impose stricter exposure limits and higher capital charges on ...

The limit is 20 percent for domestic banks. Foreign bank branches will have a limit equal to 100 percent of their qualifying capital. The BSP will also mandate a higher capital charge for forex ...

MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) surprised markets yesterday as it announced another major reduction in the amount of deposit banks are required to keep with the ...