Philippines

Core revenues rose 7%, and operating expenses declined by 2%.

The bank will continue to focus on the SME market as its core strategy.

It will include daily limits to gambling-related transfers and time-based restrictions.

The Philippine lender’s #YouMatter campaign aims to humanize the brand.

Visa Direct reaches 8.5 billion endpoints in over 190 countries and territories.

The bank’s opex rose 14% in Q2, whilst impairment loss provisions climbed 38%.

New CFO Allen Reyes previously worked at Singlife and Deutsche Bank.

Both net interest income and net interest margin rose during the period.

Net interest income and non-interest income both grew during the period.

The bank has reduced its onboarding time to 5–15 minutes.

Commuters can now pay train fares in MRT-3 stations with their credit or debit card.

It was driven by the 16.2% increase in net interest income.

By Q3 2025, it will have kiosks in over 70 locations of the department store.

This is the Philippine bank’s 200th branch in the region.

The company bagged the Customer Experience Solution Award - Philippines, Mobile App Award - Philippines, and New FinTech Product Award - Philippines categories.

Provisioning costs are expected to remain elevated as they expand their consumer loan books.