Monday, September 15, 2008
Bangko Sentral Cuts Losses at End-July
According to a report, the Bangko Sentral ng Pilipinas's (BSP) losses shrank to the single digits by the end of July. From January to July, the BSP suffered a net loss of P6.71 billion. Due to higher interest income, the BSP increased its revenues to P50.6 billion by the end of July, up from P44.6 from the same period last year.
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