^
+ Follow LENDING ACT Tag
Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 996211
                    [Title] => BSP studies adoption of rules in bank mortgages
                    [Summary] => 

The Bangko Sentral ng Pilipinas (BSP) is looking at how to adopt the new international regulation on bank mortgages meant to strengthen oversight on the real estate market.

[DatePublished] => 2013-07-22 00:00:00 [ColumnID] => 0 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [1] => Array ( [ArticleID] => 959736 [Title] => BSP halves interest charge on loans with unspecified rates [Summary] =>

The Bangko Sentral ng Pilipinas (BSP) has lowered to six from 12 percent the rate financial institutions may charge on loans and other credit obligations with no specific interest rate.

[DatePublished] => 2013-06-30 00:00:00 [ColumnID] => 0 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [2] => Array ( [ArticleID] => 813014 [Title] => BSP assures RBs level playing field [Summary] =>

The Bangko Sentral ng Pilipinas (BSP) has assured major players in the rural banking industry of a level playing field as well-capitalized and stronger universal and commercial banks have expanded in the countryside.

[DatePublished] => 2012-06-03 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097197 [AuthorName] => Lawrence Agcaoili [SectionName] => Business [SectionUrl] => business [URL] => ) [3] => Array ( [ArticleID] => 716096 [Title] => Banks vow more loan transparency [Summary] =>

Banks operating in the Philippines vowed to cooperate with the Bangko Sentral ng Pilipinas (BSP) by complying with the tigther rules on loan transparency to ensure the protection of consumers and promote healthy competition among credit providers.

[DatePublished] => 2011-08-14 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097197 [AuthorName] => Lawrence Agcaoili [SectionName] => Business [SectionUrl] => business [URL] => ) [4] => Array ( [ArticleID] => 713671 [Title] => BSP to rural banks: Take lead in loan transparency [Summary] =>

The Bangko Sentral ng Pilipinas (BSP) has urged rural banks to take the lead in complying with the tighter rules on loan transparency to ensure the protection of consumers and promote healthy competition among credit providers.

[DatePublished] => 2011-08-07 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097197 [AuthorName] => Lawrence Agcaoili [SectionName] => Business [SectionUrl] => business [URL] => ) [5] => Array ( [ArticleID] => 709275 [Title] => BSP tightens rules on loan transparency [Summary] =>

The Bangko Sentral ng Pilipinas (BSP) has tightened its rules on loan transparency by prohibiting the charging of “flat” or markedly lower contractual interest rates that mislead borrowers, as part of efforts to ensure the protection of consumers, promote healthy competition among credit providers, and enable the smooth and orderly functions of the entire financial system.

[DatePublished] => 2011-07-25 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097197 [AuthorName] => Lawrence Agcaoili [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
LENDING ACT
Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 996211
                    [Title] => BSP studies adoption of rules in bank mortgages
                    [Summary] => 

The Bangko Sentral ng Pilipinas (BSP) is looking at how to adopt the new international regulation on bank mortgages meant to strengthen oversight on the real estate market.

[DatePublished] => 2013-07-22 00:00:00 [ColumnID] => 0 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [1] => Array ( [ArticleID] => 959736 [Title] => BSP halves interest charge on loans with unspecified rates [Summary] =>

The Bangko Sentral ng Pilipinas (BSP) has lowered to six from 12 percent the rate financial institutions may charge on loans and other credit obligations with no specific interest rate.

[DatePublished] => 2013-06-30 00:00:00 [ColumnID] => 0 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [2] => Array ( [ArticleID] => 813014 [Title] => BSP assures RBs level playing field [Summary] =>

The Bangko Sentral ng Pilipinas (BSP) has assured major players in the rural banking industry of a level playing field as well-capitalized and stronger universal and commercial banks have expanded in the countryside.

[DatePublished] => 2012-06-03 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097197 [AuthorName] => Lawrence Agcaoili [SectionName] => Business [SectionUrl] => business [URL] => ) [3] => Array ( [ArticleID] => 716096 [Title] => Banks vow more loan transparency [Summary] =>

Banks operating in the Philippines vowed to cooperate with the Bangko Sentral ng Pilipinas (BSP) by complying with the tigther rules on loan transparency to ensure the protection of consumers and promote healthy competition among credit providers.

[DatePublished] => 2011-08-14 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097197 [AuthorName] => Lawrence Agcaoili [SectionName] => Business [SectionUrl] => business [URL] => ) [4] => Array ( [ArticleID] => 713671 [Title] => BSP to rural banks: Take lead in loan transparency [Summary] =>

The Bangko Sentral ng Pilipinas (BSP) has urged rural banks to take the lead in complying with the tighter rules on loan transparency to ensure the protection of consumers and promote healthy competition among credit providers.

[DatePublished] => 2011-08-07 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097197 [AuthorName] => Lawrence Agcaoili [SectionName] => Business [SectionUrl] => business [URL] => ) [5] => Array ( [ArticleID] => 709275 [Title] => BSP tightens rules on loan transparency [Summary] =>

The Bangko Sentral ng Pilipinas (BSP) has tightened its rules on loan transparency by prohibiting the charging of “flat” or markedly lower contractual interest rates that mislead borrowers, as part of efforts to ensure the protection of consumers, promote healthy competition among credit providers, and enable the smooth and orderly functions of the entire financial system.

[DatePublished] => 2011-07-25 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097197 [AuthorName] => Lawrence Agcaoili [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
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