The Bangko Sentral ng Pilipinas (BSP) approved four new banking offices in the last quarter of 2020 compared to 67 new branch applications in the same period in pre-pandemic 2019. Based on a BSP circular letter, there was only one approved regular branch and three branch-lite units (BLUs) in the ...

Source: Manila Bulletin (https://mb.com.ph/2021/05/18/only-4-bank-branches-approved-in-q4-2020/?utm_source=rss&utm_medium=rss&utm_campaign=only-4-bank-branches-approved-in-q4-2020)