PH banking sector an economic strength – BSP

Despite external risks brought by the slow global economy, the Philippine banking system remains a particular strength of the country’s economy, a Bangko Sentral ng Pilipinas official (BSP) said during the Rural Bankers Association of the Philippines 60th National Convention on Monday.

“It can be said that a particular strength of our economy . . . is our banking system that remains sound, stable and liquid even in the midst global uncertainties,” BSP Governor Amando Tetangco Jr. said in his speech, which was delivered by BSP Deputy Governor Nestor Espenilla Jr.