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BSP: Philippine banks ready for stricter global standards

BANKS in the country are more than ready to comply with global standards on capital and liquidity buffers due in January, a central bank official said, with latest data showing they are well above the required levels......»»

Category: financeSource: bworldonline bworldonlineNov 8th, 2018

Banks tighten lending standards amid rising credit growth

Philippine banks further tightened credit standards for loans to enterprises and households amid perception of stricter financial system regulations, the deterioration of the profile of corporate borrowers, and reduced tolerance for risks......»»

Category: financeSource:  philstarRelated NewsJul 20th, 2018

Banks hold lending standards steady in second quarter — BSP poll

Philippine banks kept their lending criteria largely steady in the second quarter of the year, although some lenders said they grew stricter in granting loans to businesses due to more stringent financial system regulations, results of a recent central bank survey showed. Loan officers of the country’s universal and commercial banks said they maintained their […].....»»

Category: newsSource:  bworldonlineRelated NewsJul 20th, 2018

Finance: Banks to face tighter margin requirements for futures contracts

PHILIPPINE BANKS will soon be subject to tighter margin requirements covering derivative deals with foreign firms, the Bangko Sentral ng Pilipinas (BSP) announced on Tuesday, in keeping with global standards to cushion market shocks......»»

Category: financeSource:  bworldonlineRelated NewsFeb 14th, 2017

Banks required to form task force on payment systems

By Melissa Luz T. Lopez, Senior Reporter THE Bangko Sentral ng Pilipinas (BSP) has required banks and players to set up a task force to ensure that all payment systems will be compliant to global standards on digital financial data. Memorandum M-2018-033 signed by BSP Governor Nestor A. Espenilla, Jr. mandates all participants of the […].....»»

Category: newsSource:  bworldonlineRelated NewsNov 9th, 2018

Banks seen tightening loan standards

Philippine banks expect to impose tighter lending standards in the fourth quarter of the year to corporate borrowers due to expectations that the country's economic challenges will erode their.....»»

Category: newsSource:  philippinetimesRelated NewsOct 23rd, 2018

PHL banks on solid ground — S& P

PHILIPPINE BANKS will remain stable despite a weakening peso and global market volatility, S&P Global Ratings said, even as it noted that economic growth will be slower than initially expected over the next two years. The post PHL banks on solid ground — S&P appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsOct 18th, 2018

Fitch: Philippine banks remain ‘broadly steady’ amid rising interest rates

Philippine banks’ credit profiles are expected to remain “broadly steady” amid rising interest rates, global debt watcher Fitch Ratings said......»»

Category: newsSource:  philstarRelated NewsSep 26th, 2018

EYES ON YOU, KID: NCAA 94 Jrs. players to watch

The first round of the NCAA 94 Juniors Basketball Tournament is over and done with. And with the second round already underway, we’re getting even more glimpses of the future of Philippine basketball courtesy of these players: CLINT ESCAMIS – Mapua High School (yellow jersey with ball) ROUND 1 AVERAGES: 23.3 points, 46.9 percent shooting, 5.7 rebounds, 3.9 assists, 2.7 steals Clint Escamis has spent his first two seasons under the leadership of the likes of Sherwin Concepcion, Mike Enriquez, Warren Bonifacio, and Will Gozum. Now in his third and last season in Mapua, he is proving that he is no slouch as a leader himself. The league’s top scorer and second-best steal-getter has carried the Red Robins right back up there in the standings – and they are the only team to have downed all f the traditional powerhouses in College of St. Benilde-La Salle Greenhills, Arellano High School, and San Beda High School. This version of Mapua may not be as star-studded as it was in the last four years, but they may just have the brightest star in all of the league in their 6-foot-1 swingman. INAND FORNILOS – College of St. Benilde-La Salle Greenhills (green jersey defending white jersey with ball) ROUND 1 AVERAGES: 11.4 points, 51.8 percent shooting, 10.9 rebounds, 2.0 blocks, 1.0 assist On a team as fully loaded as CSB-LSGH, there has to be a workhorse – and Inand Fornilos has been just that and more. Just like he did in their championship campaign last season, he has been a force to reckon with on both ends of the floor for the league-leading Junior Blazers. The rebounds and defense have always been second nature for Fornilos, but this season, he has become better on offense. In fact, he already has a couple of 20-point games to his name – not bad for an undersized big man at 6-foot-2. Without a doubt, the graduating forward is doing all he can to make his former team regret ever letting him go. JOHN AMORES – Jose Rizal High School (blue jersey with ball) ROUND 1 AVERAGES: 20.1 points, 6.8 rebounds, 2.8 assists, 1.0 steal And all of that is because of John Amores, the second-best scorer in all of the league and the undisputed main man of the daring Light Bombers – the only team that will be sweeping contending Mapua in the elimination round. JRU’s rise from the bottom half of the standings to the top four is nothing short of spectacular and that improvement is best personified by Amores who went from role player a year ago to go-to-guy this season. Give the Most Improved Award to the kid already because he’s ready and raring to take much more than that. JOEL CAGULANGAN – College of St. Benilde-La Salle Greenhills (green jersey with ball) ROUND 1 AVERAGES: 15.3 points, 7.3 assists, 4.7 rebounds, 2.1 steals For the high standards he set a year ago, this season has been a quiet one for Joel Cagulangan. With the likes of Escamis and Amores flying high and CSB-LSGH teammates Fornilos and RC Calimag grabbing more headlines than him, last year’s Finals MVP has been under the radar. Quietly, however, he is actually the Junior Blazers’ leading scorer and the NCAA’s best assistman and fourth-best steal-getter. Yes, that’s just how the 5-foot-9 do-it-all dynamo rolls, making an impact even if everybody else doesn’t feel it. Just don’t forget that he could also choose to make everybody feel his impact, okay? AARON FERMIN – Arellano High School (grey jersey, #18) ROUND 1 AVERAGES: 14.2 points, 53.5 percent shooting, 17.6 rebounds, 1.0 block If not for Arellano’s struggles last season, Aaron Fermin would have been MVP. If not for the Braves’ struggle in the ongoing season, Fermin would have been the league’s most tantalizing talent. Standing at 6-foot-5, graced with a wide frame, having timing on lock, and blessed with a non-stop motor, the graduating big man has all the tools to be a game-changer on both ends of the floor. Indeed, he had a stretch of games of posting a 15-point, 20-rebound double-double. Now, if only he could lift Arellano to much-needed wins and back onto a playoff push. DAN ARCHES – Mapua High School (yellow jersey with ball) ROUND 1 AVERAGES: 16.2 points, 3.9 rebounds, 3.9 assists, 1.8 steals Mapua has long been defined by its talented big men, but now, it’s the guys at the wings who have taken center stage. Escamis has been their main man, but he also has a more than capable running mate in Dan Arches. All Escamis could do, Arches could do as well, only without the same sort of consistency. But hey, this is the first time he has been getting time with in his two years as a Red Robins so there’s nothing that all those reps couldn’t improve. And oh, he also has one thing going for him – a fine floater that he could bust out at any time that somehow, some way, has become automatic. JOSHUA DAVID – College of St. Benilde-La Salle Greenhills (green jersey, with ball) ROUND 1 AVERAGES: 14.3 points, 6.4 rebounds, 3.3 assists, 1.9 steals Imagine the dynamic between Escamis and Arches, and then translate that onto Cagulangan and his own partner-in-crime in Joshua David. Like Cagulangan, David could stuff the stat sheet. Like Cagulangan, David could do whatever CSB-LSGH needs for a win. The only difference is that unlike Cagulangan, David already has the size at 6-feet and a big body to make the same sort of noise in the Seniors. Of course, Cagulangan’s clutch genes are also on another level, but who knows? Maybe David is just waiting on the wings to seize those moments for himself? MILO JANAO AND KEAN BACLAAN – San Sebastian College-Recoletos JANAO’S ROUND 1 AVERAGES: 19.0 points, 5.0 rebounds, 1.0 assist (yellow jersey with ball in first photo) BACLAAN’S ROUND 1 AVERAGES: 15.1 points, 5.1 rebounds, 4.1 assists, 1.8 steals (yellow jersey with ball in second photo) It looks like San Sebastian College-Recoletos still wouldn’t be able to get over the hump this year, but the good news is that they remain on the right track. The even better news is that Milo Janao and Kean Baclaan, the two paving the way for them, are here to stay. That backcourt, by themselves, has fueled the Staglets to four wins – and still in the thick of things. While a long-awaited, much-wanted playoff berth is a long shot this year, perhaps it wouldn’t be so when both Janao and Baclaan get a year older and a year more determined to continue doing it all to win. MAC GUADANA AND JOHN BARBA – Lyceum of the Philippines University GUADANA’S ROUND 1 AVERAGES: 19.5 points, 5.0 rebounds, 1.8 assists (grey jersey with ball in first photo) BARBA’S ROUND 1 AVERAGES: 17.6 points, 6.3 rebounds, 2.7 assists, 1.7 steals (grey jersey with ball in second photo) Batang Gilas member Mac Guadana has become the NCAA’s constant – a 6-foot guard who could score at will while also doing his part in rebounding and playmaking. With him showing the way, Lyceum of the Philippines University has proven to be a far from easy out for three seasons now. They are still a ways away from legitimate contention, but the Junior Pirates have reason to believe that would be sooner than later as teaming up with Guadana is John Barba, a 6-foot-2 forward who just has a knack for willing his way to good looks inside. With those two, the boys from Cavite have two of the top six scorers in all of the league. Now, they just have to find the other pieces of the puzzle for their first-ever playoff berth. ROM JUNSAY – Arellano High School (grey jersey with ball) ROUND 1 AVERAGES: 19.4 points, 4.9 rebounds, 2.4 assists, 1.6 steals Rom Junsay was one of the biggest keys to Mapua’s first-ever championship. That was two years ago, though, and since then, the 5-foot-6 has transferred to Arellano and is now only playing his first and last season there. Nonetheless, in just his first game in blue and grey, he wasted no time in reminding everybody about his talents, dropping a career-high 34 points. He and the Braves have trailed off from there, but just as Arellano is a sleeping giant no team wants to wake, Junsay is an active volcano just waiting for the perfect time to erupt. HONORABLE MENTIONS Jonnel Policarpio – Mapua High School RC Calimag – College of St. Benilde-La Salle Greenhills --- Follow this writer on Twitter, @riegogogo......»»

Category: sportsSource:  abscbnRelated NewsSep 17th, 2018

BSP imposes stricter rules on reporting impairment, credit losses

The Bangko Sentral ng Pilipinas ((BSP) is requiring banks to incorporate forward-looking information in measuring impairment loss on financial instruments as well as credit losses under the new reporting standards......»»

Category: financeSource:  philstarRelated NewsAug 5th, 2018

Fund-raising initiatives among PHL banks spike to sustain robust lending

Active fund-raising initiatives taken by Philippine banks should help sustain robust lending in the country, a global credit rater said, at a time of strong demand for infrastructure financing. “What we are seeing over the last 12 months… I think all these initiatives are to prepare for future growth,” Moody’s senior analyst Simon Chen said […].....»»

Category: financeSource:  bworldonlineRelated NewsJul 9th, 2018

Banks readying compliance with cyber security standards

The Bankers Association of the Philippines is set to help member banks comply with the stricter cyber security standards being adopted by the Bangko Sentral ng Pilipinas......»»

Category: financeSource:  philstarRelated NewsJul 3rd, 2018

How Philippine banks will fare amid rising interest rates

Moody’s Investors Service said Philippine banks will continue to thrive in the wake of back-to-back policy rate increases from the Bangko Sentral ng Pilipinas (BSP) and rising global yields. The global credit rater also see little risk of problem loans even as interest rates rise further, noting that policy adjustments can be expected to temper […].....»»

Category: financeSource:  bworldonlineRelated NewsJun 30th, 2018

With 10 Build projects in the bag so far, PH says it s ready for business

With 10 big-ticket infrastructure projects worth a total of over P59 billion moving to the construction stage this year, the Philippine government is enjoining global institutional investors to pou.....»»

Category: newsSource:  philippinetimesRelated NewsJun 22nd, 2018

Big banks ready for new rule – Moody’s

Moody’s Investors Service believes the biggest Philippine banks will be able to comply with new liquidity requirements set to take effect next year. In a statement on Thursday, the debt watcher said that 10 rated Philippine banks would benefit from adoption of the net stable funding ratio (NSFR), recently approved by the Monetary Board as [...] The post Big banks ready for new rule – Moody’s appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsJun 7th, 2018

Strong economy prompts S& P to hike PH banks’ credit rating

    The credit rating of the Philippine banking system was raised by a notch by Standard & Poor's Global Ratings, citing favorable economic environment that is supportive of growth of banks, sound regulations, and improving industry fundamentals and trends.   With the upgrade, the local banking sector is now classified under the stronger category of'6'from the previous '7'on a scale of 1 to 10, with the latter reflecting the highest risk.   "High household consumption, investment, and exports (mainly of electronics, commodities, and services) continue to support economic activity," S&P said in its latest Banking Industry Country Risk Asses...Keep on reading: Strong economy prompts S&P to hike PH banks’ credit rating.....»»

Category: newsSource:  inquirerRelated NewsJun 6th, 2018

BSP requires longer-term liquidity buffer

THE BANGKO SENTRAL ng Pilipinas (BSP) has approved new guidelines that will require banks to hold ample liquidity buffers covering a whole year, in keeping with global standards for a solid asset base. The post BSP requires longer-term liquidity buffer appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsMay 29th, 2018

BSP tightens capital infusion rules

By Melissa Luz T. Lopez, Senior Reporter THE CENTRAL BANK has set stricter rules for lenders in choosing strategic investors, as the regulator raised standards on pledges for additional capital. The Bangko Sentral ng Pilipinas (BSP) issued Circular 1002 dated May 10, which tightens standards for banks in declaring capital infusions from third party investors […] The post BSP tightens capital infusion rules appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsMay 17th, 2018

S& P upgrades credit risk assessment on Philippine banks

S&P Global Ratings upgraded its assessment on the country’s banking industry amid reduced credit risk with the establishment of credit bureaus as well as improving credit fundamentals......»»

Category: financeSource:  philstarRelated NewsMay 16th, 2018

S& P Global Ratings ‘optimistic’ on Philippine banks’ growth prospects

By Melissa Luz T. Lopez, Senior Reporter PHILIPPINE BANKS will benefit from a brighter outlook for the economy, S&P Global Ratings said, with stronger domestic activity to fuel increased lending for local players. Ivan Tan, director for financial institution ratings at S&P, said the financial system is likely to get a lift from the debt […] The post S&P Global Ratings ‘optimistic’ on Philippine banks’ growth prospects appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMay 8th, 2018

S& P maintains bullish outlook for Philippine banks

The Philippine banking system is likely to benefit from a brighter outlook for the economy, S&P Global Ratings said, with stronger domestic activity to fuel increased lending for local players. “Our view on the Philippines banking system is pretty much aligned with our view on the government as well. We are equally optimistic on the […] The post S&P maintains bullish outlook for Philippine banks appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsMay 8th, 2018