Eastern Visayas bank deposits post 11.23% growth in 2016
TACLOBAN CITY — Bank deposits in Eastern Visayas grew by 11.23 percent to P94.61 billion in 2016, showing a sustained economic recovery from the 2013 super typhoon’s devastation, the National Economic Development Authority (Neda) said. Bank deposits in the region managed to maintain its double-digit annual growth rate in the past four years despite impacts …
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BSP extends deadline for the exchange/replacement of old note series (NDS) at par with the new note series (NGC) until 30 June 2017
The Monetary Board approved the extension of the deadline for the exchange or replacement of New Design Series (NDS) banknotes with the Bangko Sentral ng Pilipinas (BSP) or its authorized agent banks at par with New Generation Currency (NGC) banknotes and without charge to 30 June 2017. This recent decision of the Monetary Board, which …