BSP sees rural banks stable despite foreign capital entry

The central bank remains optimistic about the stability and growth of the country’s rural banking sector despite the difficulties that may arise from stiffer competition spurred by increasing foreign equity in rural banks.

Bangko Sentral ng Pilipinas (BSP) Governor Amando Tetangco Jr. said the central bank sees new opportunities, as well as challenges, emerging from the ongoing changes to the environment in which rural banks operate.