Philippines
Philippine thrift banks grew total assets by 6% to $19.5b t in 2024
Philippine thrift banks grew total assets by 6% to $19.5b t in 2024
Lending activities rose by 14.7% during the year.
44 minutes ago
PBCOM appoints new treasury trading team head
Justin Labadan will begin in his new role on 1 July 2025.
5 days ago
Metrobank names Renato De Borja, Jr. as head of financial & control sector
He has been with Metrobank for over four years.
5 days ago
PBCOM declares cash dividend for the first time in 27 years
The bank has declared a PHP1 per share special cash dividend.
5 days ago
UnionBank raises $282.5m in fixed rate bonds
It plans to use the proceeds to extend term liabilities, expand funding base, etcetera.
5 days ago
Philippine Business Bank names new head of branch operations
The bank focuses on business clients in the Philippines.
Salmon Group raises $88m to expand its business in the Philippines
The equity round was led by venture capital firm Spice Expeditions, LP.
BPI unveils SINAG bonds, will finance green and social projects
The bonds are structured with a 1.5-year tenor.
BNPL firm Atome secures $75m facility from Lending Ark
Lending Ark has invested over $1b in Asia.
GCash offers free insurance with mobile load purchases via GInsure
Eligible users can receive up to $540.
RCBC partners with MoneyHero to enhance credit card services
RCBC’s card products will be integrated in Money Hero’s digital platform.
BDO names new head of comptrollership group
Gwyneth Entao previously served as finance head of the Philippine bank’s consumer banking group.
ADVANCE.CBP, Korea Credit Bureau ink MOU for cross-border credit info exchange
Over 70,000 overseas Filipino workers in Korea will be able to use their credit information.
Credit card, production drive Philippine bank lending growth in April
Loans to non-residents declined at a faster rate.
BDO’s asset quality stable whilst funding, liquidity its ‘key strengths’: Moody’s
Problem loan ratio coverage is one of the strongest in the Philippines.
EastWest modernises retail and corporate operations with SaaS adoption
It expects to benefit the bank’s more than 3 million customers in the Philippines.
RCBC posts ₱1.517t in assets in strong Q1 2025 performance
The report showed a QoQ increase in both solo and consolidated assets. On a solo basis, RCBC’s total assets rose to ₱1.509t.
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1. HSBC GPB appoints Ann Ling as APAC head of wealth planning and advisory 2. Metrobank names Renato De Borja, Jr. as head of financial & control sector 3. PBCOM appoints new treasury trading team head 4. IndoStar gains approvals to sell Niwas Housing Finance for $203.7m 5. CommBank deploys AI-powered bots to fight scamsResource Center
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