Philippines
BPI integrates 10 Robinsons Bank branches to branch network
BPI integrates 10 Robinsons Bank branches to branch network
These include 5 branches in Metro Manila and 1 branch each in Cebu and Zamboanga.
6 days ago
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.
CTBC Bank Philippines revamps online corporate banking portal
It offers real-time updates and flexible workflow set-ups.
BSP welcomes the Philippines' removal from AML/CFT grey list
The central bank said that it has strengthened its AML/CFT regime.
PH central bank unveil council for strengthening cyber resilience
The council will implement the BSP’s Financial Services Cyber Resilience Plan.
Philippine banks expand lending by 12.2% in Dec 2024
Loans for production activities rose 10.8% during the month.
Fintech JuanHand disbursed $772m in over 20 million loans
The fintech’s average repeat rate is at 90%.
Fighting Back: How the Philippines is Addressing the Surge in Fraud
Institutions must adopt innovative solutions and foster global collaboration in fraud management practices.
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Nearly 8 in 10 MSMEs still face barriers to accessing loans, an expert said.
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