Philippines
Philippine central bank eyes AI rules for banks
Philippine central bank eyes AI rules for banks
Artificial intelligence should not diminish banks’ responsibility to uphold data privacy.
14 minutes ago
Philippine bank loans up 12.2% in February
Consumer loans to residents rose by 24.1% during the month.
5 hours ago
PH central bank orders FIs to strengthen surveillance against vote buying
The Philippines will hold elections in May 2025.
5 days ago
MoneyHero partners with BPI to expand credit card offerings
Users can compare more than 20 credit card options in MoneyHero’s platform.
5 days ago
RCBC boosts rural presence with ATM Go
The service, which allows cardless transfers, is now available in all Philippine cities.
6 days ago
Chart of the Week: 1 in 4 Filipinos have used BNPL services
The number of unique users rose by 40% as of end-2024.
BPI integrates 10 Robinsons Bank branches to branch network
These include 5 branches in Metro Manila and 1 branch each in Cebu and Zamboanga.
Philippine banks report “generally strong” loan growth in Q4
Some major banks’ saw dramatic rises in NPL ratios.
PH banks and insurers face MSME credit gap, AI fraud, climate risk
Nearly 8 in 10 MSMEs still face barriers to accessing loans, an expert said.
Philippine banks and insurers called to pursue human-centred AI adoption
AI adoption should be centered on financial inclusion, customer experience, and personalisation.
Metrobank’s net profit up 14% in 2024 on higher loans and deposits
Its pre-provisioning operating profit fell 11%, however.
Philippine bank lending rises on higher credit card, motor loan demand
Lending to key industries such as real estate and retail trade also rose.
BDO Unibank’s net income up 12% to PHP82b on service businesses’ growth
NPL ratio is 1.83% and coverage is 145%.
Security Bank’s net income up 23% to $194m on higher interest income
Interest income rose 27.9% in 2024.
PSBank hits all-time high net income of $89.97m on higher loans
Total gross loans rose 15% due to strong demand.
Visa and CIMB PH to deliver banking services to Philippine SMEs
They will offer a new business debit card by Q3.
RCBC transforms mobile phones to payment terminals for MSMEs
Merchants will be able to accept Mastercard and Visa card payments.
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Nearly 8 in 10 MSMEs still face barriers to accessing loans, an expert said.
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