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Wednesday, December 11, 2024
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BSP: Digital banks struggling
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Business Top Business


BSP: DIGITAL BANKS STRUGGLING




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ALMOST all digital banks in the Philippines have yet to turn a profit with a
moratorium on new licenses set to expire this year, Bangko Sentral ng Pilipinas
(BSP) officials said.

"I don't think anyone is making money yet," BSP Governor Eli Remolona Jr. told
reporters on Wednesday.


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