Philippines
Philippine banks link up to pilot blockchain for retail payments
A major lender is connecting with rural banks in the Southern area of the country.
Philippine banks link up to pilot blockchain for retail payments
A major lender is connecting with rural banks in the Southern area of the country.
The Philippines cuts bank reserve requirement ratio to 18%
However, the country still has one of the highest RRR levels in Asia.
Philippine bank assets up 11.31% to $300.3b in Q1
Stable savings and demand deposits buoyed healthy capitalisation levels.
Philippine banks profits up 17.8% in Q1
Higher earnings from trading buoyed non interest income to $691.53m.
Citi to co-finance trade in developing markets with Asian Development Bank
The two lenders can share risk on a funded basis.
Higher interest expenses curbed BPI's growth in Q1
Net interest income fell from 13% to 9%.
UnionBank of the Philippines taps on FIS to digitise commercial lending arm
FIS will also enhance third-party data analytics through open API usage.
Growing property exposure pose risks to Philippine banks
CAGR of real estate loans stand at 22% from 2012-2017 versus overall loan growth at 17%.
Philippine banks' loan growth up 16.4% to $171.93b in 2017
Asset expansion clocked in at a healthy $293.63b.
BDO Unibank profits remain flat at $113.51m in Q1
The bank was hit by PHP1b in trading losses and 19bp increase in average funding costs.
Philippine banks go digital with launch of electronic fund transfer service
InstaPay enables transactions of up to PHP50,000 per day.
Credit Suisse gets go-signal for Philippine wealth management business
It has received a license from the country’s regulator and central bank.
How can Philippine banks fully shed off bad loans?
NPLs hit $3.2b as of September 2017 with NPL ratio at a stable 1.9%.
BPI targets growing its SME and retail arm
It aims to double its $1.63b in SME loans in three years.
Higher operating costs loom over Philippine banks in 2018
Investments in necessary IT infrastructure are setting local banks back.
Philippine banks on alert following Malaysian cyberattack
The central bank cautioned local banks especially during the long holiday.
A new perspective: Do banks need to be an IT company with a banking franchise?
Evolving developments in the sector are forcing banks to rethink their strategies.
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Thai central bank’s digital payments on ‘top of the world’
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The Bank of Thailand is eyeing to expand connectivity with more countries.
The Bank of Thailand is eyeing to expand connectivity with more countries.
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Generative AI’s role in the evolution of banking