No rediscount facility request in August

NB FILE PHOTO The central bank said banks did not use its rediscount facility in August as demand for credit remained weak. The Bangko Sentral ng Pilipinas (BSP) said in a statement on Friday that in the eight months to August, the overall use of the facility was P5.52 million, …

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Banks sanctioned by P859M from 2018 to 2020

Benjamin E. Diokno, Governor of Bangko Sentral ng Philippines – BLOOMBERG THE CENTRAL BANK slapped Fines worth 859 million pesos on Fifinancial institutions from 2018 to 2020, with non-compliance with mandatory credit quotas among the main violations, said the governor of Bangko Sentral ng Pilipinas (BSP), Benjamin E. Diokno on …

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