Several violations involved the improper use of loan proceeds by borrowers such as to fund investments in property and securities.
August 23, 2023The big five banks were asked to prepare KRW 1 trillion of financing as potential support for MG Community Credit Cooperative.
July 12, 2023The extension will helpensure financial services are available to support the delivery of completed properties to homebuyers.
July 11, 2023The potential for further credit quality deterioration remains, especially if downside risks from the pandemic materialise and cause prolonged disruptions to economic activity.
December 7, 2021Banks will no longer be required to cap their dividends at the previous year's payout ratio. However, they will still have a limit set at 50 percent of 2021 net profit.
November 16, 2021A new report from the World Bank offers recommendations for East Asian and Pacific countries on addressing pandemic-related non-performing loans.
November 11, 2021Banks are still required to ensure adequate risk management procedures are in place and that only debtors who are eligible are given the option to restructure their debt.
September 8, 2021Major shareholders cannot use borrowed funds to invest in banks, take out loans from the banks they invest in, or have cross-shareholdings with other banks.
June 22, 2021The BSP has set out the procedure for lenders to apply for approval to dispose of NPAs under the provisions of the FIST Act.
June 3, 2021Bank capital adequacy could fall to 11.7% by 2022 in a baseline scenario, 9.3% in an adverse scenario, and 4.9% in a severe adverse scenario.
April 20, 2021