BusinessWorld E-paper
April 12, 2022
THE CENTRAL BANK on Monday said Philippine banks have “minimal” exposure to Russia and Ukraine, as the war continues for a seventh week.
Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said cross-border deposit liabilities of Philippine banks to Russia and Ukraine amounted to less than 1% of the banking industry’s total deposit liabilities as of end-September last year.
