In order to constantly provide a smooth and great customer experience, the state-run Land Bank of the Philippines (LANDBANK) has announced plans to further extend both its physical and digital presence in underserved and unbanked regions. The announcement was made during simple rites to celebrate the bank’s 60 years of public service to the nation. […]
A top official of the Development Bank of the Philippines (DBP) announced that as part of its efforts to advance innovative, sustainable, and efficient farming practices in Albay, the state-owned bank recently granted P500 million in funding to support various farmer cooperatives in the province. Michael O. de Jesus, President and Chief Executive Officer of […]
In its 30th year, the Bangko Sentral ng Pilipinas (BSP) has reaffirmed its commitment to adopt global central banking standards and transition to a digital financial system while promoting price stability, financial stability, and an efficient payments and settlements system in the country. Over the years, subsequent amendments to Republic Act (RA) No. 7653 or the […]
To encourage more people to borrow money from banks and boost spending in a Philippine economy that’s heavily dependent on consumption, the Bangko Sentral ng Pilipinas (BSP) has announced recently that it will maintain the present restriction on credit card fees. This means that the cardholder’s maximum interest rate or finance charge will continue to […]
A top official of the Development Bank of the Philippines (DBP) announced recently that the state-owned bank was able to generate P4.42-billion net income for the first six months of this year, a 60% increase in profit compared to the P2.76-billion that the bank posted in the same period last year. IMAGE CREDIT: https://www.dbp.ph According […]
State-owned Development Bank of the Philippines (DBP) has just completed the disbursement of funds under its P1-billion interest rate subsidy program. According to a top official of the DBP, the subsidy program covers local government units (LGUs) in the implementation of their respective COVID-19 response and recovery interventions. IMAGE CREDIT: www.dbp.ph DBP President and Chief […]
State-owned Development Bank of the Philippines (DBP) has granted an initial P1.106-billion funding support to a Capiz-based real estate developer for the expansion and improvement of their master-planned development venture in Western Visayas, a top official of DBP shared. Photo shows DBP President and CEO Michael O. de Jesus (7th from left) together with Roxas […]
CIMB Bank Philippines Inc., a part of the CIMB Group, one of ASEAN’s leading banks present in over 16 global markets, is currently seeking additional partners to provide embedded banking services to more Overseas Filipino Workers (OFWs) and Micro, Small, and Medium-Sized Enterprises (MSMEs). Overseas Filipino Workers (OFWs) arriving home to the Philippines The incorporation of […]
The Bankers Association of the Philippines (BAP) welcomed the appointment of Eli Remolona, a Monetary Board member, as the new governor of the Bangko Sentral ng Pilipinas (BSP) recently, even as they expressed support for whatever initiatives he will be implementing that could impact the banking industry and its various stakeholders. In a press statement, […]
Almost 300 combined ATMs and cash recycling machines (CRMs) soon to be installed Bank of Commerce (BankCom), an affiliate of San Miguel Corporation (SMC), recently announced the deployment of new automated teller machines (ATMs) in its branches and offsite locations offering advanced security features combined with a user-friendly touchscreen interface. The deployment is part of […]
