Philippines
EastWest modernises retail and corporate operations with SaaS adoption
EastWest modernises retail and corporate operations with SaaS adoption
It expects to benefit the bank’s more than 3 million customers in the Philippines.
1 day ago
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.
1 day ago
UnionBank unveils fully digital personal loan application process
Loans can be provided in as fast as 5 minutes upon approval.
2 days ago
Security Bank partners with tax filing platform Taxumo to offer business loans
Loan products include an express loan, mortgage loan, and working capital loan.
2 days ago
Chinabank’s net income up 10% to $116.8b in Q1 2025
Net interest income and total assets both grew double digits during the quarter.
5 days ago
BDO Network Bank is officially a thrift bank
It has secured regulatory approvals to convert from a rural bank.
5 days ago
Philippine bankers’ orgs ink MOU to improve banking skills
They will promote seminars, conferences, conventions, and training programs.
5 days ago
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.
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.
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