Philippines
Cambodia, Philippines ink MOU for closer financial cooperation
Cambodia, Philippines ink MOU for closer financial cooperation
Representatives participated in a bilateral meeting to discuss macroeconomic and financial developments.
Higher loans carry RCBC’s net income to $79.87m in H1
Net interest margin rose 41 basis points to 3.71%.
Metrobank nabs ex-Citi banker as deputy head of HR
Angeles has worked for Citi, BDO, and HSBC.
PH central bank pushes for digital wage payments
PH central bank pushes for digital wage payments
PH central bank issues framework for digital payment system operators
Payment system operators are required to obtain a license from the BSP.
Philippine central bank to grant up to 4 new digital bank licenses
The moratorium for new licenses will be lifted on 1 January 2025.
Loans extended by Philippine banks up 10.1% in June
Consumer lending expanded on the back of credit card loans.
Metrobank’s net income up 9.6% in Q2
The bank reported higher gross revenue and expenses for the quarter.
Philippine Business Bank’s net income is $9.02m in Q2
The SME-focused bank announced a PHP0.64 EPS for Q2.
MUFG invests $393m in PH superapp GCash’s parent company
Globe Fintech Innovations operates GCash and Fuse Lending.
‘Robust’ revenues lifted BPI to record net income in H1
Earnings per share is PHP5.8 for the period, a 14% increase.
UNO Digital Bank bags Digital Banking Award - Philippines with its inclusive services
It brought home the ABF Fintech Award 2024 for disrupting the Philippine financial landscape by providing greater inclusivity and accessibility.
BDO Unibank's net income up 12% to $357.7m in Q2
Total net income for H1 is $673.86m, according to data from the stock exchange.
PH banks report rise in household loan demand for Q2
Demand for both loans to households and enterprises rose, official data showed.
Philippine banks more wary of lending to companies
Borrowers’ net profiles and profitability reportedly deteriorated in Q2.
Philippine central bank achieves digital retail payments target
As of 2023, 52.8% of monthly retail payments are made digitally.
PH central bank welcomes new anti-financial account scamming law
It authorises the BSP to investigate cases violating law, amongst others.
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