The Bangko Sentral ng Pilipinas (BSP), the Philippine Deposit Insurance Corp. (PDIC) and the Land Bank of the Philippines recently approved the revival of the program that aims to strengthen cooperative banks.
In a statement, the central bank said that the Strengthening Program for Cooperative Banks (SPCB) has been amended and enhanced “to promote mergers and consolidations with and acquisition of cooperative banks by strong partners.”
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