Taiwan's Cathay United Bank latest foreign entrant in Philippines (Philippine Star) | Lao Tribune

Taiwan's Cathay United Bank latest foreign entrant in Philippines (Philippine Star)

MANILA, Philippines – Another foreign bank given the green light by the Bangko Sentral ng Pilipinas (BSP) to operate in the Philippines as part of the second wave of bank liberalization program has started commercial operations early this month. BSP Deputy Governor Nestor Espenilla Jr. issued Circular Letter 2015 064 informing banks and non-bank financial institutions…