Philippines
Only a fifth of Philippine rural and thrift banks ready to digitise
Only a fifth of Philippine rural and thrift banks ready to digitise
They still need to make heavy investment in foundational technologies.
Philippine bank lending to small enterprises misses target in H1
Legislative requirements were not met despite recording 10.4% growth.
Korea's Kookmin Bank ties up with the Philippines' RCBC
The partnership aims to provide financial services to corporate customers in both countries.
Philippine National Bank fully acquires thrift bank subsidiary
The move adds 63 branches to its domestic retail network.
Philippine infrastructure campaign lifts dismal lending prospects
Loan growth is poised to settle in mid-teens by year end.
Chart of the Week: Telcos are devouring the Philippine e-payments market
Banks are losing market share as a result.
Philippine banks to roll out electronic fund transfer by end-November
The government aims to boost cashless transactions from 1% to 20% by 2020.
Union Bank of the Philippines' Edwin R. Bautista discusses their massive API sandbox
With the number of API calls ballooning twentyfold in 2017, could it be the biggest API platform in Asia?
Philippine rural banks remain flush with money despite back-to-back branch closures
The sector’s assets rose 8.3% to $4.02b as of end-March.
Philippine Veterans Bank moves to digitise consumer operations
It has tapped on solutions provider Fiserv Inc.
The ARK: UnionBank's take on the future of branch banking
A branch with no bank tellers, no long lines, and completely paperless, The ARK pushes the frontiers of digitalising the country’s banking industry.
Former HSBC Philippines CEO Jose Arnulfo Veloso to be appointed as PNB chief
He will replace Reynaldo Maclang who’s retiring by November.
Philippine big banks half-year profits up 7.7% to $1.45b
The combined assets of the banking sector also hit $301.58b.
The Philippines steps up rural bank shutdowns
A total of 10 smaller banks were closed in 2018 alone.
HSBC Philippines to enable corporate clients to deposit payroll in local banks
Employees will be able to choose which bank to go to receive their salaries.
Foreign Islamic banks may soon be able to set up shop in the Philippines
A bill seeking to organise such lenders has passed committee level.
Philippines' BPI rolls out premier credit card
Cardholders can buy foreign currencies from the bank even without a savings account.
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