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BSP's Annual Reception for the Banking Community

01.11.2017

BSP's  Annual Reception for the Banking Community

Monetary Board Chairman and Bangko Sentral ng Pilipinas Governor Amando M. Tetangco, Jr. (right) and the Members of the Monetary Board cited  the banking sector for its significant role in sustaining robust growth of the economy with double-digit growth in loans in 2016, most which financed productive activities. As of November 2016, consolidated bank loans had reached P7.4 trillion, higher by nearly 19% compared to the 2015 total.  With the Governor at the annual reception hosted by the BSP for the banking community this week are, from left:  MB Members Juan De Zuñiga, Jr.,  Alfredo Antonio, Armando Suratos, Felipe Medalla, and Valentin Araneta; not in the picture is Finance Secretary and MB Member Carlos G. Dominguez III. The traditional event brought together the leaders of the banking community and BSP's partner institutions from government, private sector and multilateral institutions.

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