BSP tightens watch on banks’ property loans

BSP tightens watch on banks’ property loans

 / 05:26 AM September 25, 2017
To avoid a property bubble, the Bangko Sentral ng Pilipinas has put in place stricter oversight of bank exposure in real estate financing.

In a statement, the BSP said the Monetary Board, its highest policymaking body, recently approved “enhancements to the prudential reporting requirements in order to strengthen oversight of banks’ real estate and project finance exposures.”.Read More…