Philippines

Filipinos spent 9 years in total using digital lending apps in 2022

Over 2.3 million users actively used a digital lending platform at least once a month.
5 days ago

Filipinos spent 9 years in total using digital lending apps in 2022

Over 2.3 million users actively used a digital lending platform at least once a month.
5 days ago

Robinsons Retail to buy 4.4% stake in BPI

Robinsons Retail will purchase 4.4% interest in the Bank of the Philippine Islands.

Citi Philippines grants $20m loan to financially assist low-income women entrepreneurs

ASA Philippines Foundation supports 2 million women across the country.

BDO Capital Named as PH’s Corporate and Investment Bank of the Year for 5 Consecutive Years

BDO Capital & Investment Corporation (BDO Capital) has been recognized as the country’s Corporate and Investment Bank of the year for the 5th straight year at the Asian Banking & Finance Awards. BDO Capital’s remarkable achievement is a testament to its consistent excellence in delivering best-in-class investment banking services across various product lines in the Philippine capital markets. 

How GCash cornered the Philippines' ‘sachet’ economy 

The app has over 66 million users in a country of more than 111 million.

Philippine banks’ bad loans ratio to decline in 2023: S&P

But should interest rates rise sharply, banks may face more defaults.

EastWest Bank, JCB launch credit card in the Philippines

Customers can access several rewards and year-round promotions.

BDO Unibank soars at the Asian Banking and Finance Awards 2022

Its commitment to empowering clients and enhancing their wealth amidst uncertainties has become evident with its recent innovations.

BPI cements market position with Robinsons Bank merger: analyst

Assets are slated to increase by 0.9 percentage points.

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.