Philippines

CIMB Philippines says fund transfer issue ‘resolved’

All affected customers have had their funds returned, the bank said
13 hours ago

BSP ‘closely coordinating’ with CIMB to resolve unauthorized fund transfers

The BSP said that it will continue to monitor the issue until it is fully resolved.
1 day ago

Uno Digital Bank enhances lending with new loan management system

It reportedly reduces manual lending processes and supports multichannel disbursements.
3 days ago

BPI’s net income up 9% to $293.2m in Q1

The Philippine-based bank reported higher non-interest income and total revenue.
5 days ago

Union Bank of the Philippines ‘aggressive’ growth strategy brings more problem loans

Its problem loan ratio is expected to remain at the 6% to 7% range in 2025.
6 days ago

PH central bank, IFC to promote movable asset finance

Borrowers can secure loans using inventories, receivables, and equipment.
6 days ago

Philippine National Bank improves profitability on cost management

It has a very high liquidity coverage ratio of 255% as of end-2024.

Visa, USSC Money Services enable Visa Direct for cross-border B2B payments

Visa Direct facilitates transfer of funds to eligible cards, bank accounts, and wallets.

Philippine central bank gears up for instant cross-border transfers

Monetary authorities in Asia are about to bring Project Nexus to market.

JuanHand drives embedded lending with e-commerce tie-ups

The lending app only requires an ID, a smartphone, and an internet connection.

Security Bank enhances eKYC process in digital app

It has included enhanced fraud detection capabilities, including deepfake prevention.

Bank of Makati joins the Philippines’ “Piso Caravan” program

There are now 141 financial institutions participating in the program, the central bank said.

Philippine lending app JuanHand, Netbank team up to offer business loans

The loans will be tailored to the businesses’ specific needs, the two fintechs said.

Philippine central bank eyes AI rules for banks

Artificial intelligence should not diminish banks’ responsibility to uphold data privacy.

Philippine bank loans up 12.2% in February

Consumer loans to residents rose by 24.1% during the month.