BSP Approves an Additional 15% SBL for Exposures to Oil Companies

The Monetary Board, the policy-making body of the Bangko Sentral ng Pilipinas (BSP), recently approved an additional single borrower’s limit (SBL) of 15% for exposures of banks to oil companies. The additional 15% SBL, which is in addition to the 25% regular SBL, shall only be available for borrowings of oil companies to finance oil importation. The BSP […]
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