{"id":261656,"date":"2020-07-15T03:49:17","date_gmt":"2020-07-15T07:49:17","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=261656"},"modified":"2020-07-15T03:49:17","modified_gmt":"2020-07-15T07:49:17","slug":"ph-banks-can-manage-credit-risk-from-abs-cbn-loans","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2020\/07\/15\/ph-banks-can-manage-credit-risk-from-abs-cbn-loans\/","title":{"rendered":"PH banks can manage credit risk from ABS-CBN loans"},"content":{"rendered":"<figure id=\"attachment_261658\" aria-describedby=\"caption-attachment-261658\" style=\"width: 800px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2020\/07\/4934145455_dedff88455_c.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-261658\" src=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2020\/07\/4934145455_dedff88455_c.jpg\" alt=\"\" width=\"800\" height=\"450\" srcset=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2020\/07\/4934145455_dedff88455_c.jpg 800w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2020\/07\/4934145455_dedff88455_c-300x169.jpg 300w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2020\/07\/4934145455_dedff88455_c-768x432.jpg 768w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/a><figcaption id=\"caption-attachment-261658\" class=\"wp-caption-text\">Philippine banks remain strongly capable of managing risks on their credit portfolio despite the non-renewal of broadcast giant ABS-CBN\u2019s franchise, an organization of universal and commercial banks said Tuesday. (<a href=\"https:\/\/www.flickr.com\/photos\/ppapadimitriou\/4934145455\/\">Photo<\/a>: <a href=\"https:\/\/www.flickr.com\/photos\/ppapadimitriou\/\">Paul Papadimitriou\/Flickr<\/a>, <a href=\"https:\/\/creativecommons.org\/licenses\/by\/2.0\/\">CC BY 2.0<\/a>)<\/figcaption><\/figure>\n<p>Philippine banks remain strongly capable of managing risks on their credit portfolio despite the non-renewal of broadcast giant ABS-CBN\u2019s franchise, an organization of universal and commercial banks said Tuesday.<\/p>\n<p>In a statement, the Bankers Association of the Philippines (BAP) said the domestic banking sector \u201cremains strongly capitalized and in solid liquidity position to manage credit risks.\u201d<\/p>\n<p>The non-renewal of ABS-CBN\u2019s franchise has sparked fears it would hurt the economy and investments.<\/p>\n<p>\u201cThe prudential measures instituted by the Bangko Sentral ng Pilipinas allowed the banking industry to remain strong and healthy through the years that enabled the banks to withstand various crises,\u201d it said.<\/p>\n<p>The group said even amid the pandemic and the non-renewal of ABS-CBN&#8217;s franchise, banks would continue to be &#8220;steadfast&#8221; as they are supported by &#8220;strong financial conditions, robust risk management systems, and good corporate governance.\u201d<\/p>\n<p>\u201cMost importantly, we are confident that our member banks are prudent and take the welfare of their depositors at paramount importance. Your deposits are protected,\u201d it added.<\/p>\n<p>Last May 5, the National Telecommunications Commission (NTC) issued a cease and desist order against ABS-CBN to stop is broadcast operations after its legislative franchise expired on May 4.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Philippine banks remain strongly capable of managing risks on their credit portfolio despite the non-renewal of broadcast giant ABS-CBN\u2019s franchise, &hellip;<\/p>\n","protected":false},"author":44,"featured_media":261658,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-261656","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","mauthors-joann-villanueva","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/261656","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=261656"}],"version-history":[{"count":1,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/261656\/revisions"}],"predecessor-version":[{"id":261659,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/261656\/revisions\/261659"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/261658"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=261656"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=261656"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=261656"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}