DRN Vol. 39 No.3
'Reexamine SHS Programs Employment and Entrepreneurial Objectives'
Regulatory Impact Assessment Adoption Determinants: A Diagnostic Framework
Exploring Responses to the Employment Impact of Excise Tax Reform: The Case of the Philippine Tobacco Industry
Mapping Out Employment Opportunities in the Cultural Heritage Sector A Strategic Framework

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Annual Public Policy Conference Webinar 4: Robust and Healthy Workforce and Closing Program
PIDS WB 2021-0904
Annual Public Policy Conference Webinar 3: Green And Inclusive Recovery
PIDS WB 2021-0903
Annual Public Policy Conference Webinar 2: Ethical Business
PIDS WB 2021-0902
Opening Program and Annual Public Policy Conference Webinar 1: Resetting Capitalism
Publication Detail
BRAc DP 2021-01: The Impact of Foreign Bank Presence on the Performance of Philippine Domestic Banks Post-GFC

This empirical study assessed the impact of foreign bank presence on the performance of Philippine domestic universal and commercial banks (U/KBs) for the period 2010-2019. It covers the post-2014 foreign bank entry liberalization (Republic Act No. 10641), as contrasted to the past studies which examined foreign bank presence in the Philippines in the context of the post-1994 foreign bank entry liberalization (Republic Act No. 7721). The findings revealed that in contrast to the 1994 foreign bank liberalization, the 2014 foreign bank liberalization and the presence of foreign banks in the country from 2010-2019 have limited impact on the profitability of domestic U/KBs. This implies that two decades after the 1994 liberalization, domestic U/KBs have adapted well to the presence of foreign banks, enabling them to maintain a strong foothold in the banking industry. Furthermore, foreign bank presence has prompted domestic banks, particularly those with moderate market shares, to be more cost-efficient. This is indicative of both competitive and positive spillover effects from foreign bank presence.

Bangko Sentral ng Pilipinas
Authors Keywords
Parcon-Santos, Hazel, C.; Manlagnit De Venecia, Maria Chelo; Pagalunan, Marie Belarmine, F. ; competition; banking; Philippines; foreign direct investment; ; foreign bank presence; spillover effects; bank performance;
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