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BSP to Fund Rural Banks’ Three-Year Digitalization, Excluding Undercapitalized Lenders

BSP to Fund Rural Banks’ Three-Year Digitalization, Excluding Undercapitalized Lenders

The Bangko Sentral ng Pilipinas will cover rural banks’ digitalization costs for up to three years. Undercapitalized lenders will not be eligible under the program, according to the report.

Original headline

BSP to fund rural banks' three-year digital shift, excluding undercapitalized lenders