BSP approves two lenders‘ Islamic banking services

Philippines News News

BSP approves two lenders‘ Islamic banking services
Philippines Latest News,Philippines Headlines
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The Bangko Sentral ng Pilipinas approved the application of two lenders to provide Islamic banking services in the Philippines.

“Those two have been licensed, and I think they’ll soon be starting their operations,” Fonacier said. Amanah Islamic Bank, a universal bank that became a subsidiary of Development Bank of the Philippines in 2008, is the first Islamic bank in the country established under Presidential Decree 264.

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Philippines Latest News, Philippines Headlines

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