Philippines

UNO Digital Bank sets its sights on being Filipinos' top virtual bank

CEO Manish Bhai said they want to be first for their Filipino customers’ financial needs.

UNO Digital Bank sets its sights on being Filipinos' top virtual bank

CEO Manish Bhai said they want to be first for their Filipino customers’ financial needs.

Citi Philippines raises Home Credit’s facility to $14.3m

This is almost double the $7.36m it approved last May.

UnionBank transforms wealth digital platform with Avaloq

It will standardize the front, middle, and back office of UnionBank’s wealth mgmt functions.

Fighting financial crime with advanced machine learning capabilities

RCBC and GBG clinched two major awards at the ABF Wholesale Banking Awards 2022 with their enterprise risk management technology.

Citi completes sale of Philippine consumer business to UnionBank

The sale includes the transfer of 1,540 staff to the Philippine bank.

Philippine Bank of Communications names new independent directors

They have also been assigned to the bank’s RPT committee.

Philippine fintech startup PayMongo launches partnership with Atome

The partnership will enable the expansion of BNPL services on the payment platform.

ING Bank begin discontinuing retail product services in the Philippines

The bank’s app will be decommissioned by the end of 2022.

Philippine banks takes back pre-pandemic profitability in mid-2022: analyst

NPL in the country’s banking sector has peaked and will continue to decline.

ING pulls back from the Philippine retail banking market

Over 380,000 clients are expected to be affected once they leave the market by end of the year.

EastWest Bank to appoint new CEO, President

New CEO is current strategy consultant for the bank’s parent company Filinvest.

Philippine-based Netbank launches all-in-one financial app for overseas workers

Filipino foreign workers can remit and send money to the Philippines at a lower cost.

Tonik hires former Google and Facebook exec

He will take on the role of Chief People Officer.

Wait and see tactics: PH central bank holds off on tightening monetary policies

However, a threat from the West makes it seem that the central bank may be overly confident.

Philippine banks’ credit costs to further decline in 2022

Profits are expected to strengthen throughout the year as the economy recovers.