ADB loan worth US$300 million seen to boost the Philippines’ financial inclusion goals
The Asian Development Bank (ADB) has approved a US$300 million policy-based loan to support the Philippine government in creating a…
More rural banks in PH consolidating operations to help strengthen their financial health
More rural banks in the Philippines are now consolidating their operations in response to the Bangko Sentral ng Pilipinas (BSP)’s…
BSP gives all types of banks in PH until June 2024 to submit their recovery plans
To restore the profitability of banks and guarantee business continuity, the Bangko Sentral ng Pilipinas (BSP) has recently advised mid-sized…
FSF intensifies collaboration towards a resilient, sustainable, and inclusive financial system in PH
The Financial Sector Forum (FSF) remains committed to intensifying efforts in building a more resilient, sustainable, and inclusive financial system…
EastWest Bank bares plan to issue up to P30-B worth of bond offerings in the next 5 years
Over the course of the next five years, East West Banking Corp. may be expected to raise the bonds it…
Global network working together to promote financial inclusion issues “Manila Manifesto”
Last week, the 2023 Alliance for Financial Inclusion (AFI) Global Policy Forum issued a public declaration, aptly called the “Manila…
BSP Governor Remolona Jr. swears in two new members of the Philippine Monetary Board
Two new members of the Philippine Monetary Board have just been sworn in! Welcome Rosalia V. De Leon, former National…
China Bank to sustain loan expansion program, invests P2 billion in its thrift bank division
Listed China Banking Corp. is injecting an extra P2 billion into its thrift banking division to support continued loan growth…
BPI and Robinsons Bank to update their merger strategy
In response to the Bangko Sentral ng Pilipinas (BSP)’s feedback, the Gokongwei-owned Robinsons Bank Corp. and the Ayala-led Bank of…
CIMB Bank to accelerate its debit card portfolio, bares plans to use Visa’s virtual and real cards
Digital-only bank CIMB Bank Philippines announced recently that it has teamed up with Visa to accelerate the growth of its…