PHIL BANKING SYSTEM ON SOLID FOOTING, BSP GUV SAYS

Bangko Sentral ng Pilipinas (BSP) Governor Felipe M. Medalla said the banking system is strong, stable, resilient, and responsive to the evolving needs of the growing Philippine economy.

“Our banking system sustained its solid footing as shown in the continued growth in its assets, deposits, and profits, as well as ample capital, liquidity buffers, and loan loss reserves,” the central bank chief said. He also underscored the BSP’s steadfast commitment to championing financial inclusion and digitalization to build a technologically advanced, environmentally responsible, and financially inclusive economy.

With the theme “A Future-Ready Philippines: Digital, Sustainable, Inclusive,” the annual gathering was held last 24 February 2023 at the BSP’s head office in Manila. Aside from leaders of the BSP and the banking community, several government officials, diplomats, and journalists also attended the gathering. With the Governor in the photo (third, from left) are (from left) Monetary Board members Anita Linda R. Aquino, Peter B. Favila, Finance Secretary Benjamin E. Diokno, Antonio S. Abacan, Jr., and Eli M. Remolona.