{"id":16719,"date":"2014-06-24T17:49:21","date_gmt":"2014-06-24T09:49:21","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=16719"},"modified":"2014-06-24T17:49:21","modified_gmt":"2014-06-24T09:49:21","slug":"bsp-bank-deposits-up-by-39-3","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2014\/06\/24\/bsp-bank-deposits-up-by-39-3\/","title":{"rendered":"BSP: bank deposits up by 39.3%"},"content":{"rendered":"<figure id=\"attachment_13937\" aria-describedby=\"caption-attachment-13937\" style=\"width: 300px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/06\/tmp_Bangko_Sentral_ng_Pilipinas_20121951238361.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-13937\" src=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/06\/tmp_Bangko_Sentral_ng_Pilipinas_20121951238361-300x168.jpg\" alt=\"Facade of Banko Sentral  ng Pilipinas \/ Wikipedia Photo\" width=\"300\" height=\"168\" srcset=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/06\/tmp_Bangko_Sentral_ng_Pilipinas_20121951238361-300x168.jpg 300w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/06\/tmp_Bangko_Sentral_ng_Pilipinas_20121951238361-1024x576.jpg 1024w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/06\/tmp_Bangko_Sentral_ng_Pilipinas_20121951238361.jpg 1920w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><figcaption id=\"caption-attachment-13937\" class=\"wp-caption-text\">Facade of Banko Sentral ng Pilipinas \/ Wikipedia Photo<\/figcaption><\/figure>\n<p>MANILA &#8212; The Bangko Sentral ng Pilipinas yesterday reported the savings and time deposits&#8217; continued increase by 39.3% to P6.2 trillion compared to data\u00a0from a year ago.<\/p>\n<p>\u201cThe rapid growth may be attributed to the shift of depositors\u2019 investments from the BSP\u2019s SDA (Special Deposit Account) facility to bank deposits as a result of the fine-tuning of access of banks and trust departments\/entities to the BSP SDA facility,\u201d BSP said.<\/p>\n<p>To flush out money parked in the SDA and invite investors to the country, the BSP cut the SDA&#8217;s interest rates last year by a total of 150 basis points to two percent.<\/p>\n<p>It also mandated the removal of all singular investment management accounts in the facility.<\/p>\n<p>During the first quarter, demand deposits increased by 31.2 percent while savings deposit also went up 36.6 percent.<\/p>\n<p>Banks have increased resources by 24 percent in the first quarter from year-ago levels.<\/p>\n<p>\u201cThe increase could be traced to the growth in loans, securities and other shares and other assets,\u201d the BSP said.<\/p>\n<p><em>With reports from Philippine Star<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>MANILA &#8212; The Bangko Sentral ng Pilipinas yesterday reported the savings and time deposits&#8217; continued increase by 39.3% to P6.2 &hellip;<\/p>\n","protected":false},"author":44,"featured_media":13937,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1482,19],"tags":[1215,5864],"class_list":["post-16719","post","type-post","status-publish","format-standard","has-post-thumbnail","category-breaking","category-business","tag-bsp","tag-savings-deposits","mauthors-lei-fontamillas","mauthors-philippine-canadian-inquirer"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/16719","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=16719"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/16719\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/13937"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=16719"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=16719"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=16719"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}