BAP collaborates with regulators to ensure liquidity for COVID-hit businesses

The Bankers Association of the Philippines (BAP) is collaborating with regulators and legislators to ensure liquidity for businesses affected by the COVID-19 pandemic.

Data from the Bangko Sentral ng Pilipinas shows that domestic liquidity grew 10.9% year-on-year but declined slightly month-on-month.

The BAP assures continued support for economic recovery, emphasizing unhampered banking services and enhanced operations to adapt to the new normal during extended quarantine periods.

President Duterte has extended the enhanced community quarantine in the National Capital Region until May 15.