Thrift banks will thrive in ASEAN integration – BSP

Bangko Sentral ng Pilipinas (BSP) Governor Amando M. Tetangco Jr. yesterday said the thrift banking sector’s consumer finance business will thrive when the ASEAN trade bloc markets are integrated beginning next year. Tetangco said it is in consumer finance, which is the “very crux of what defines thrift banks,” that the 71 local savings banks can compete. As data would show, 66 percent of thrift ...



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