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…
DBP grants P1.106-B funding support to a township project in Western Visayas
State-owned Development Bank of the Philippines (DBP) has granted an initial P1.106-billion funding support to a Capiz-based real estate developer…
BSP issues advisory on the legal tender limits of Philippine coins
The Bangko Sentral ng Pilipinas (BSP) has just issued an advisory informing the public that the legal tender limit of…
BAP welcomes the appointment of Eli Remolona as the new governor of the BSP
The Bankers Association of the Philippines (BAP) welcomed the appointment of Eli Remolona, a Monetary Board member, as the new…
BankCom ATM network now has user-friendly and advanced security features
Almost 300 combined ATMs and cash recycling machines (CRMs) soon to be installed Bank of Commerce (BankCom), an affiliate of…