Discussions that will allow qualified commercial banks from Philippines to operate subsidiaries in Indonesia and Thailand are still ongoing, the chief of the Bangko Sentral ng Pilipinas (BSP) said on Tuesday.

“We are discussing now … the bilateral agreements which should pave the way for the entry of QABs,” Bangko Sentral Governor Nestor Espenilla Jr. announced during the Management Association of the Philippines Economic Briefing 2018 and General Membership Meeting in Makati City.

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