Category: Banking and Finance

calendar_today August 12, 2024 schedule 4 min read

Digital banking seen to expand in 2025 as BSP lifts moratorium to drive financial inclusion in PH

The Monetary Board of the Bangko Sentral ng Pilipinas (BSP) has announced a significant policy shift, lifting the moratorium on…

By Ralph Fajardo

calendar_today August 7, 2024 schedule 3 min read

Chinabank reports record half-year net income amid robust core business growth in 2024

China Banking Corporation (Chinabank, PSE: CBC) has reported a record-breaking net income of P11.4 billion for the first half of…

By Ralph Fajardo

calendar_today July 26, 2024 schedule 4 min read

DBP earns international acclaim in 2024 for its groundbreaking renewable energy facility

The Development Bank of the Philippines (DBP), a state-owned institution, has recently been lauded by a prestigious international body for…

By Ralph Fajardo

calendar_today July 25, 2024 schedule 4 min read

Amidst rising bad loans, Moody’s says RCBC to face big challenges in sustaining capital this 2024

Rizal Commercial Banking Corporation (RCBC), one of the Philippines’ leading banks, is anticipated to encounter a significant rise in bad…

By Ralph Fajardo

calendar_today July 24, 2024 schedule 3 min read

BSP supports war against financial cyber crimes, welcomes passage of RA No. 12010 (AFASA)

The Bangko Sentral ng Pilipinas (BSP) recently welcomed the passage of Republic Act No. 12010 or the “Anti-Financial Account Scamming…

By Ralph Fajardo

calendar_today July 23, 2024 schedule 4 min read

GoTyme Bank leads digital banking growth in PH, welcomes 1.7 million new customers in 2024

In an impressive display of growth and customer satisfaction, GoTyme Bank has established itself as the Philippines’ fastest-growing digital bank,…

By Ralph Fajardo

calendar_today July 22, 2024 schedule 5 min read

Chinabank scores big at “Asian Banking and Finance Awards 2024” with multiple accolades

Chinabank’s exceptional performance and strategic achievements were celebrated at the prestigious Asian Banking and Finance (ABF) Awards 2024, held earlier…

By Ralph Fajardo

calendar_today July 18, 2024 schedule 4 min read

Joint BSP, DA ACPC Countryside Bank Survey in Cabanatuan in 2022 reveals fascinating results

In a significant step towards enhancing agricultural financing in the Philippines, the Bangko Sentral ng Pilipinas (BSP) Research Academy and…

Tags

agricultural financing, BSP, Financial literacy, FInancial stability, Financing, manage savings, PiTaKa program

By Ralph Fajardo

calendar_today July 17, 2024 schedule 2 min read

BSP introduces essential FX regulations to further strengthen financial stability in PH this 2024

The Monetary Board has approved significant amendments to foreign exchange (FX) regulations, a strategic move by the Bangko Sentral ng…

Tags

bank supervision, BSFIs, BSP, FInancial stability, Forex, FX transaction data, International Operations Department, price stability

By Ralph Fajardo

calendar_today July 15, 2024 schedule 4 min read

Veteran banker’s appointment to MB seen as a big boost to ensuring PH’s financial stability

In a significant development for the Philippine financial sector, President Ferdinand R. Marcos, Jr. has recently appointed veteran banker Walter…

Tags

banking and finance, BSP, FInancial stability, highest policy-making body, Monetary board, Philippine financial sector

By Ralph Fajardo