The Bangko Sentral ng Pilipinas (BSP) assured on Thursday that the country’s small lenders remained stable amid the coronavirus disease 2019 (Covid-19) pandemic and were in a strong position to fulfill financing needs.

“Rural and cooperative banks (RCBs) are poised to continue supporting rural economic activities as the industry faces the Covid-19 pandemic,” BSP Governor Benjamin Diokno said during a briefing.

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