Banks will now have to submit regular residential real estate lending reports to the central bank, which is looking to generate a price index aimed at averting property bubbles.
The Bangko Sentral ng Pilipinas (BSP) on Wednesday said that the Monetary Board last October 29 approved a circular requiring all universal/commercial banks and thrift banks to submit quarterly reports on approved residential real estate loans (RRELs).
Already have an active account? Log in here.
Continue reading with one of these options:
Continue reading with one of these options:
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
If you have an active account, log in
here
.