BSP considers regulatory relief extension for Development Bank of the Philippines with strong justification needed
The Bangko Sentral ng Pilipinas (BSP) may extend regulatory relief for the Development Bank of the Philippines (DBP) after its significant contribution to the Maharlika Investment Fund. However, DBP must provide strong justification for this request. BSP Deputy Governor Chuchi Fonacier stated that the decision will depend on metrics like capital adequacy and asset quality. The central bank aims to maintain fairness in the banking industry while considering the overall impact on the system. DBP's president mentioned that the bank will meet minimum capital requirements this year but still seeks an extension of the relief for added security.