3 weeks Diokno: Thrift banks stable amid pandemic Manilatimes |Biz
The Bangko Sentral ng Pilipinas (BSP) assured the stability of the thrift banking industry amid the coronavirus disease 2019 (Covid-19) crisis.
BSP Governor Benjamin Diokno “The industry remains stable amid the Covid-19 pandemic,” BSP Governor Benjamin Diokno said at a briefing on Thursday. According to the central bank, the industry is composed of 48 standalone and subsidiaries of universal banks at present. They have an expansive network nationwide with 2,654 banking offices as of end-June 2020. But Diokno said thrift banks’ assets, loans and deposits declined in the first semester because of the economic slowdown and ... more