The central bank said it is now processing applications from three foreign banks seeking entry into the Philippine market.

Bangko Sentral ng Pilipinas (BSP) Deputy Governor Nestor Espenilla Jr. did not identify the three banks when he replied to reporters’ questions about the developments in the entry of foreign players in the recently liberalized Philippine banking industry.

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details