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                    [ArticleID] => 181287
                    [Title] => Banking system expands in H1
                    [Summary] => The banking system grew slightly in the first semester this year, with total assets  expanding to P3.33 trillion, from P3.26 trillion at the end of 2001. 


The growth in assets was achieved despite a drop in the number of banking institutions – from 7,555 universal, commercial, thrift and rural banks in June last year, to 7,492 this year.


According to the supervisory reports and studies office (SRSO) of the Bangko Sentral ng Pilipinas (BSP), the number of players dropped as a result of mergers, acquisitions, downgrading, downsizing, and repositioning.


                    [DatePublished] => 2002-10-25 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] => Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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AMERICAN EXPRESS BANK AND OMNI SAVINGS BANK

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                    [ArticleID] => 181287
                    [Title] => Banking system expands in H1
                    [Summary] => The banking system grew slightly in the first semester this year, with total assets  expanding to P3.33 trillion, from P3.26 trillion at the end of 2001. 


The growth in assets was achieved despite a drop in the number of banking institutions – from 7,555 universal, commercial, thrift and rural banks in June last year, to 7,492 this year.


According to the supervisory reports and studies office (SRSO) of the Bangko Sentral ng Pilipinas (BSP), the number of players dropped as a result of mergers, acquisitions, downgrading, downsizing, and repositioning.


                    [DatePublished] => 2002-10-25 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] => Ted P. Torres
                    [SectionName] => Business
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abtest

Banking system expands in H1

By Ted P. Torres | October 25, 2002 - 12:00am

The banking system grew slightly in the first semester this year, with total assets expanding to P3.33 trillion, from P3.26 trillion at the end of 2001. The growth in assets was achieved despite a drop in the...

Business