MANILA, March 17 (Reuters) - The Philippine central bank
said on Friday that the local banking system remains safe and
sound.
"We have shown our resilience through the pandemic, and we
continue to be strong in the face of the ongoing turbulence in
the global markets," it said in a statement. "Our banks do not
have any material exposure to the failed institutions."
(Reporting by Enrico Dela Cruz and Neil Jerome Morales
Editing by Ed Davies)
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