Banks in the Philippines trimmed their physical offices in the third quarter of 2015 from three months earlier, data from the Bangko Sentral ng Pilipinas (BSP) showed.

At 635 as of end-September, this was down from 635 at the end of June, the central bank reported, composed of 37 head offices for universal and commercial banks, 69 for thrift banks as well as 529 for rural and cooperative banks.

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