BSP cites gov’t efforts to strengthen rural banks at latest PH Economic Briefing in Cebu
“The Bangko Sentral ng Pilipinas (BSP) will continue to strengthen rural banks (RBs), which promote countryside development, by financing productive…
BSP maintains transaction caps for credit cards
To encourage more people to borrow money from banks and boost spending in a Philippine economy that’s heavily dependent on…
Loans to consumers and SMEs help prop RCBC’s income by 84% in the first half of the year
Rizal Commercial Banking Corp. (RCBC) announced recently that it achieved double-digit growth in the first 6 months of this year,…
DBP posts P4.42-billion profit; net income jumps by 60% in the first half of this year
A top official of the Development Bank of the Philippines (DBP) announced recently that the state-owned bank was able to…
Union Digital Bank partners with AirAsia, airasia Superapp, and fintech firm BigPay
UnionDigital Bank Inc., a division of the Aboitiz-led Union Bank of the Philippines, has recently signed a strategic collaboration agreement…
RCBC completes transaction with Japanese banking giant, gains P27 billion in capital infusion
To increase its funding source, the Yuchengco-led Rizal Commercial Banking Corp. (RCBC) recently concluded the sale of its shares to…
Metrobank sustains robust net income growth of 34% to PHP20.9 billion in 1st half 2023
Metropolitan Bank & Trust Co.’s (Metrobank) net income rose by 34.1% to PHP20.9 billion in the first semester of 2023…
DBP completes P1-billion interest subsidy disbursement to LGUs
State-owned Development Bank of the Philippines (DBP) has just completed the disbursement of funds under its P1-billion interest rate subsidy…
BSP exec joins Economic and Investment Summit in Dubai, confirms PH readiness for Islamic banking
The Bangko Sentral ng Pilipinas (BSP), represented by Assistant Governor Atty. Arifa A. Ala, participated in the 9th Annual Philippine…
BAP launches Dollar-Peso cross-currency swap market to better manage forex, interest rate risks
In pursuit of its commitment to market development, the Bankers Association of the Philippines (BAP) recently launched the dollar-peso cross-currency…