Philippines
Philippines to tighten oversight of pawnshops and NBFIs
Philippines to tighten oversight of pawnshops and NBFIs
The council is also working to improve its monitoring of risks and interlinkages in the system.
Philippine banks resilient but energy and debt risks loom: regulators
Sectors sensitive to energy and interest rates were flagged by the stability council.
PNB cuts batch processing by 75% after two-year core banking over
This frees IT teams from late-night monitoring and troubleshooting.
More than half of Filipinos have financial accounts but few hold bank accounts
Lack of money and unemployment were amongst the biggest barriers to opening a bank account.
BSP approves releasable capital buffer to keep lending in downturns
The PN-CCyB designates 1.5% of banks’ CET1 as a releasable buffer.
Philippine banks face slower loans and rising credit costs in 2026
The Middle East war and an earlier graft scandal is weighing on loan demand, says CreditSights.
UnionBank enables real-time cash deposits at 2,100 ECPay kiosks
The 2,100 ECPay kiosks can deposit up to $161 per transaction.
Philippine cash remittances up 2.8% to $8.68b in Q1
The US remains the top source of cash remittance.
Philippine bank lending accelerates to 10.7% in March on business demand
Consumer loans grew at a slightly slower pace on less motor vehicle and salary loans.
Philippine bank lending surges 11.7% to $281b by end-2025
Loan loss coverage ratio coverage is 97.2%.
BDO Unibank’s net income up 6% to $1.42b in 2025
The bank said it is cautiously optimistic despite ongoing headwinds.
Union Bank of the Philippines’ net income doubles to $62.69m in Q1
It noted some trading losses associated with the Iran conflict, however.
Finance sector cements dominance over Philippines ICT market
GlobalData says the sector will hold the top end use position through 2029.
Atome Philippines partners with Bayad to enable in-app bill payments
Users can pay their water, electricity, and internet bills, amongst others.
Philippine loan relief helps banks avoid NPL spike despite profit hit
Credit losses remain elevated.
Philippines flags financial gaps as 48% lack emergency buffer
The majority claim financial awareness, yet many show a disconnect in capability.
ING's Philippine leaders advance AI strategy with sustainability focus
ING maintains a clear position that its AI strategy is grounded in responsibility and sustainability.
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