BSP Lifts Regulatory Relief for PPP Companies

The Bangko Sentral ng Pilipinas (BSP, Philippine central bank) has lifted the 50 percent lending cap for single borrowers undertaking major infrastructure projects under the public private partnership (PPP) program. With the lifting of the regulatory relief, it would again restrict each bank’s exposure to a single borrower to only 25 percent of its capital. Authorities considered the entry of new foreign banks providing additional potential…

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