BSP’s Espenilla: Philippine banking system is ‘very robust’

- Central Banking Newsdesk
- 13 Jul 2017

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The governor of the Central Bank of the Philippines (BSP) believes his nation’s banking system is “very robust”, with further improvements yet to come.

Speaking at a stakeholder dinner on July 11, Nestor Espenilla said the banking system was “poised” for “broader reach and better services” after prudent policymaking helped to establish a sturdy financial system and stable economy.

“The number of operating banks as of March 2017 is 599 (head offices) with an overall branch network of 10,679

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