Philippines
AUB Philippines chairman title goes to Jonathan Ng
Ng will succeed Abraham T. Co, who has been elected as Vice Chairman.
TG Limcaoco on how 170-year-old BPI is reinventing itself in the digital era
For BPI, reinvention and innovation are the key ingredients to how it remains one of the Philippines’ biggest banks since its establishment over 170 years ago.
UnionDigital Bank bags $16m more in capital
It will be utilised to grow its digital loan offerings.
How Mocasa is supercharging the Philippines' credit payments market
The credit payment service company is also developing a data-driven central credit bureau.
Asian Banking & Finance Forum arrives in Manila in October
The event offers a platform for knowledge exchange, fostering innovation and collaboration across the industry.
Bank of the Philippine Islands relocates main office temporarily
This is in view of the temporary relocation and consolidation of its three leased offices.
Philippine digital bank Tonik hits 1 million customers
It furthers the bank toward its goal of financial inclusion in the country.
Less Filipinos fall short of meeting credit card payments
The delinquency rate has been falling since the COVID-19 pandemic started.
BPI Wealth tasked by PH state insurance to manage $45m investment fund
The investment fund amount is P2.5b.
Filipino Q1 credit card spending jumps nearly half from previous year
This was the highest recorded amount since the start of the COVID-19 pandemic in 2020.
Unsecured lending pushes Philippine banks’ retail lending growth
Salary-backed general consumption loans jumped 68.8%.
PH banks missing out on revenue from growing middle class market
Over 7 in 10 loans made by banks are extended to corporates– leaving 15 million SMEs and self-employed workers with little access to traditional finance.
BPI’s Q1 net profit increases by 52%, boosts efforts toward financial inclusion
The January to March performance was driven by the bank’s average asset base expansion, margin growth, and lower provisions.
Smiles Mobile Remittance adds bills payment for Filipinos in SG
This enables Filipinos based in Singapore to pay their bills via mobile phone.
Brankas-MPT mobility partnership grants motorists quick toll reload via bank accounts
This collaboration targets to attract new app users that will benefit from lower service fees.
BPI launches refreshed mobile app
New clients can open an account within five minutes with just one valid ID.
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1. Zed challenges banking norms with no interest, forward-looking credit card 2. HK-based fintech KPay expands operations to Singapore 3. Citi names Amit Dhawan as head of CCB Singapore 4. StanChart joins Visa’s B2B Connect to enhance cross-border payments 5. Hang Seng Bank warns against phishing emailAwards
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