BSP OKs 11 bank branches in Q4 - BusinessWorld Online

BSP OKs 11 bank branches in Q4 - BusinessWorld Online

THE BANGKO SENTRAL ng Pilipinas (BSP) approved 11 regular bank branches in the fourth quarter. The Monetary Board okayed applications for new banking offices of seven banks — three universal and commercial banks, two thrift banks and two rural and cooperative banks — in the fourth quarter, according to a circular letter dated May 7. The BSP also approved applications to set up 13 branch-lite units in the period. The central bank allowed Security…