Moody’s: PH banks ‘among the most liquid in the region’

Wikipedia Photo

MANILA — Moody’s Investor Service on Monday said that the country’s rated banks are “among the most liquid in the region.”

In a report published on Southeast Asian banks’ compliance with Basel III rules, the international debt watcher said that banks in the country are most likely to cope with international regulations.

“Moody’s-rated banks in the region are well capitalized and can meet the higher minimum capital requirements under Basel III,” the report said.

The said measures are crafted to protect economies from financial sector weaknesses.

It added that local banks in the country can easily comply with strict regulations and that regulators are ahead its counterparts in the region in terms of the implementation of reforms.

“We expect strong loan growth in both Indonesia and Philippines—about 15-20 percent (a year) over the next 12-18 months,” Moody’s said.