Philippines
Philippine banks' lending grows at a slower pace in March 2025
Philippine banks' lending grows at a slower pace in March 2025
Consumer loans grew 23.6% from more credit cards, motor vehicles, and general loans.
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Filipinos spent 49 years using non-bank digital lending apps in 2024
Active users wer said to have spent 12 minutes and 14 seconds per month using such apps.
BSP warns of entity fraudulently using its name and logo
The entity collects fees and personal info to purportedly secure clearance for loans.
Majority of Philippine banks maintain loan standards in Q1
Over 8 in 10 banks anticipate maintaining loan standards in Q2 2025.
CIMB Philippines says fund transfer issue ‘resolved’
All affected customers have had their funds returned, the bank said
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.
Uno Digital Bank enhances lending with new loan management system
It reportedly reduces manual lending processes and supports multichannel disbursements.
BPI’s net income up 9% to $293.2m in Q1
The Philippine-based bank reported higher non-interest income and total revenue.
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.
PH central bank, IFC to promote movable asset finance
Borrowers can secure loans using inventories, receivables, and equipment.
Philippine National Bank improves profitability on cost management
It has a very high liquidity coverage ratio of 255% as of end-2024.
Security Bank’s buffers decline on loan growth and upcoming stake acquisition
Its capitalisation is expected to fall below 13% in 2025.
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.
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