Banking

Philippines Banking

The Philippine banking system has been performing relatively well in recent years. Given the country’s strong economic growth, the sound regulation of the sector by the central bank and the global push towards increasing capital, the local institutions have been safe, sound and profitable. Major metrics are moving generally in the right direction. While many people in the country remain unbanked, the lack of inclusiveness is seen as providing an opportunity for expansion. The sector is now open to 100% foreign ownership, and international institutions have been entering the market in significant numbers.

This chapter contains interviews with Amando Tetangco, Governor, Bangko Sentral ng Pilipinas; and Alex Buenaventura, President and CEO, Land Bank of the Philippines.