Evergrande woes unlikely to dent Philippine banking system
MANILA, Philippines — The possible collapse of debt-troubled Evergrande, China’s second largest real estate company, is unlikely to jolt the Philippine banking sector, an official of the Bangko Sentral ng Pilipinas (BSP) said. Ma. Cynthia Sison, deputy director of the Supervisory Policy and Research Department at the BSP, said local banks’ cross-border exposures or claims […]
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