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Thrift banks remain strong

The 48 thrift banks supervised by the central bank continue to be stable amid the COVID-19 pandemic despite decreased deposits and portfolio, according to Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno. “During the first semester of 2020, we noted a decline in thrift banks’ assets, loans and deposits. ...

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Source: Manila Bulletin (

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