The central bank is optimistic that the number bank closures will decline this year with the help of a program meant to strengthen the industry, particularly smaller banks.
Nestor Espenilla Jr., Bangko Sentral ng Pilipinas deputy governor for Supervision and Examination Sector, provided an optimistic view when asked if the extension of the Strengthening Program for Rural Banks (SPRB) Plus will result fewer closed banks in 2015.
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
.