calendar_today August 22, 2023 schedule 2 min read 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…
calendar_today August 18, 2023 schedule 3 min read 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,…
calendar_today August 15, 2023 schedule 3 min read 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…
calendar_today August 9, 2023 schedule 3 min read 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…
calendar_today August 4, 2023 schedule 2 min read 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…
calendar_today August 2, 2023 schedule 2 min read 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…
calendar_today July 28, 2023 schedule 2 min read 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…
calendar_today July 27, 2023 schedule 3 min read 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…
calendar_today July 26, 2023 schedule 2 min read 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…
calendar_today July 21, 2023 schedule 3 min read 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…