BSP Liberalizes Bank Branching Guidelines

The Bangko Sentral ng Pilipinas (BSP, Philippine central bank) approved amendments to the guidelines on the establishment of branches to provide banks with more flexibility in expanding their networks to strategic locations. This means that banks are now allowed to establish presence in previously restricted but strategic and fast-growing areas. This is also in line with the agency’s move to liberalize the banking system. It is gradually…

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