Philippines: BSP stress test shows minimal bank impact of Hanjin debt woes

MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) said yesterday the failure of Korean shipbuilder Hanjin Heavy Industries and Construction Philippines (HHIC-Phil) to settle its obligations to five of the largest banks in the Philippines worth over P21 billion would have minimal impact on the capitalization of the banking industry. In a statement released by the Investor Relations […]

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