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business.inquirer.net PH banks can weather record Hanjin default, BSP assures public

Banking regulators on Friday moved to reassure the public about the strength of the financial system after the bankruptcy of a Korean-owned shipbuilder in Subic Bay triggered a $412-million default on local lenders --- the biggest in Philippine corporate history.

In a statement to the Inquirer, the Bangko Sentral ng Pilipinas said the banking industry has enough capital buffer to weather the sudden…
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Read also:

www.manilatimes.net Banking sector to weather Hanjin default – Guinigundowww.manilatimes.net

www.bworldonline.com BSP downplays effect of Hanjin default on banking industrywww.bworldonline.com

www.philstar.com Hanjin’s P21-billion bank exposure ‘very negligible’ — BSPwww.philstar.com

www.philstar.com BSP: 5 big banks ‘taking actions collectively’ after $412-M Hanjin defaultwww.philstar.com