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6 digital banks breach P80B in collective deposits

By Inquirer - 3 months ago
The depositor base of digital banks nearly tripled year-on-year in June, outpacing that of the entire domestic banking system and giving this new breed of lenders an additional lifeline as they try to build a profitable loan portfolio. Latest data from the Bangko Sentral ng Pilipinas (BSP) showed that the country’s six digital banks had

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