BSP okays PSB’s LTNCTD of up to P15 B 0 SHARES Share it! Share TweetPhilippine Savings Bank (PSB), the thrift bank arm of the Metrobank group, recently got approval from the Bangko Sentral ng Pilipinas (BSP) for its Long-term Negotiable Certificates of Time Deposit (LTNCTD) issuance of up to P15.0 billion. The issuance of LTNCTDs will give PSBank an opportunity to access long-term funding as the bank further expands its consumer banking business. They are insured by the Philippine Deposit Insurance Corp. (PDIC) up to a maximum coverage per depositor, currently at P500,000. The final terms, including offering period and interest rates, will depend on market conditions.

Source: Manila Bulletin July 21, 2018 13:52 UTC