None of Wirecard AG’s missing $2.1 billion of cash entered the Philippines financial system, the nation’s central bank Governor Benjamin Diokno said on Sunday.
The country’s biggest lender BDO Unibank Inc., as well as Bank of the Philippine Islands, said on Friday that they didn’t have a relationship with Wirecard and that no funds from the German payments processor passed through their banks.
“The initial report is that no money entered the Philippines and that there is no loss to both banks,” Diokno said in a mobile-phone message to reporters. Bangko Sentral ng Pilipinas is conducting its own investigation, he said.
Philippine Lenders Deny They Held Wirecard Bank Accounts (1)
“The international financial scandal used the names of two of the country’s biggest banks — BDO and BPI — in an attempt to cover the perpetrators’ track,” Diokno said. The Philippine banking system is in a strong position and well-capitalized, the governor said.
— With assistance by Siegfrid Alegado
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