To protect the depositing public, especially from frauds and scams that have since become even more elaborate and complex, two government institutions have recently joined hands to remind banks to be extra careful and take risks more seriously. Early this week, Governor Eli M. Remolona, Jr. of the Bangko Sentral ng Pilipinas (BSP) and Roberto […]
Philippine National Bank (PSE: PNB) registered a consolidated net income of P13.5 billion for the first nine months of 2023, 19 per cent higher compared to its earnings for the same period last year. The stronger performance year-on-year was attributed to the growth in the bank’s core lending and fee-based operations. Facade shot of a […]
IMAGE CREDIT: https://www.getzype.com/ Results of the Q4 2023 Senior Bank Loan Officers’ Survey (SLOS) indicated that most of the respondent banks in the Philippines were able to keep their credit standards for lending to businesses and consumers “generally unchanged” based on the modal approach. 1 Meanwhile, the diffusion index (DI) method 2 showed varied results reflecting a […]
The Shari’ah Supervisory Board (SSB) in the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) held its historic inaugural meeting last December 15, 2023, at the Dusit Thani Manila in Makati City. Photo at left: BSP Assistant Governor Arifa A. Ala (seated, center), Shari’ah Supervisory Board (SSB) Chairperson Muhammad Nadzir S. Ebil (standing, fifth from left), […]
While posting outstanding financial performance in 2023, the Metropolitan Bank & Trust Co. (Metrobank) reported that it has also received several recognitions from leading financial publications, industry peers, and the government — thus, cementing its leadership in the industry. IMAGE CREDIT: https://allthebestloans.com/bank-loans/metrobank/ Keeping Filipinos in good hands In a press release, Metrobank revealed that 2023 […]
City Savings Bank (CitySavings), the thrift bank subsidiary of Aboitiz-led Union Bank of the Philippines (UnionBank), debuted its groundbreaking “Bank-on-Wheels” (BOW) mobile kiosk recently as part of its advocacy work on financial inclusion in the Philippines. The launch of the mobile kiosk was also meant to champion the thrift bank’s sustainability endeavors. Championing financial inclusion: […]
The Bangko Sentral ng Pilipinas (BSP) and the Bankers Institute of the Philippines (BAIPHIL) formalized their long-standing partnership recently with the signing of a memorandum of understanding (MOU) last December 18 at the BSP Head Office in Manila. BSP Governor Eli M. Remolona, Jr. and BAIPHIL President Racquel B. Mañago shake hands after signing […]
Partnership to make safe and convenient banking accessible to more Filipinos The Philippine unit of Seven Bank Ltd. of Japan, in partnership with Philippine Seven Corp. (PSC), aims to deploy 500 more ATMs at 7-Eleven stores nationwide to make safe and convenient banking accessible to more Filipinos. IMAGE CREDIT: Hitachi Digital Payment Solutions Ltd. Pito […]
BPI Direct BanKo Inc. (BanKo), the microfinance arm of the Bank of the Philippine Islands, celebrated its seventh merger anniversary recently with a focus on its mission to become the most trusted microfinance partner of self-employed microentrepreneurs. IMAGE CREDIT: https://www.facebook.com/magbankona/ “Our anniversary signifies BanKo’s enduring vision to help build a better Philippines – one family, […]
Ayala Corporation has recently signed sustainability-linked credit facilities with MUFG Bank, Ltd. (MUFG) and Sun Life Philippines to reaffirm the company’s commitment to sustainable financing initiatives. These credit facilities have an aggregate amount of P5 billion. This landmark transaction by a Philippine conglomerate aims to support Ayala Corporation’s general corporate requirements and investments in sustainability-related […]
