Higher interest rates weigh on BSP income
THE Bangko Sentral ng Pilipinas’ (BSP) net profit plunged by almost 60 percent in 2023 from a year earlier as expenses grew faster than revenues, preliminary data showed. The central bank earned P25.53 billion last year based on its unaudited financial statements, 59.9 percent lower than the P63.73 billion recorded in 2022. Register to read […]
T Kauer 
THE Bangko Sentral ng Pilipinas’ (BSP) net profit plunged by almost 60 percent in 2023 from a year earlier as expenses grew faster than revenues, preliminary data showed.
The central bank earned P25.53 billion last year based on its unaudited financial statements, 59.9 percent lower than the P63.73 billion recorded in 2022.
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