Sign up | Log in



Home  >>   Daily News  >>Philippines>>Economy>>PHL banking sector to continue growing medium-term
NEWS UPDATES Asean Affairs     May 25, 2017  

PHL banking sector to continue growing medium-term

The Philippine banking sector is expected to continue growing in the medium-term given the strong economic growth outlook of the country, BMI Research said in its report.

"We continue to believe the outlook for the Philippines banking sector remains positive and there are few risks to financial stability over the medium-term," BMI, a Fitch company, said in its Asia Monitor: South East Asia Volume 2 Report.

"Our constructive view is informed by a strong economic growth outlook, healthy capitalization and liquidity profiles," the report read.

The Philippine economy grew by 6.4 percent in the first quarter of the year, compared with 6.8 percent a year earlier and with 6.6 percent in the fourth quarter of 2016.

Socioeconomic Planning Secretary Ernesto M. Pernia and Finance Secretary Carlos G. Dominguez III earlier noted the country is on track to meet its full-year economic growth target of 6.5 to 7.5 percent this year.

"Firstly, the Philippines will remain one of the fastest growing economies in the region due to an improved business environment, positive demographics and government expansionary fiscal plans, which will continue to drive investment, output and credit growth," BMI said.

"Secondly, the banking system's high capital adequacy ratio of 15.6 percent in September 2016 (latest available) and ample liquidity should provide sufficient defense against moderate credit shocks and unexpected losses," it said.

BMI noted the government has been encouraging consolidation in the banking industry, which will improve financial intermediation processes and reduce regulatory burden. — Jon Viktor Cabuenas/VDS, GMA News

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below

Today's  Stories                          May 25, 2017 Subsribe Now !
• PHL banking sector to continue growing medium-term Subcribe: Asean Affairs Global Magazine
• Indonesia, Canada launch local economy development program
• Official decries CNRP plan to slash ministry budgets
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

• Krakatau Steel eyes $10 million net profit
• Sugar rush puts monster mill well ahead of target 
Asean Analysis                  May 19,  2017
• Asean Analysis May 19, 2017
Economic Recommendations for the New Administration
Advertise Your Brand

Asean Stock Watch  May 24, 2017

• Asean Stock Watch-May 24, 2017
The Biweekly Update
• The Biweekly Update  May 12, 2017

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2020 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand