Philippines
BDO Unibank’s earnings trimmed on higher opex and provisions
BDO Unibank’s earnings trimmed on higher opex and provisions
The bank’s opex rose 14% in Q2, whilst impairment loss provisions climbed 38%.
Security Bank establishes wealth segment, announces new CFO
New CFO Allen Reyes previously worked at Singlife and Deutsche Bank.
Chinabank’s net income up 14% to $222.83m in H1 2025
Both net interest income and net interest margin rose during the period.
BDO Unibank’s net income up 3% to $708.66m in H1
Net interest income and non-interest income both grew during the period.
UnionBank onboards 50,000 credit card and personal loan accounts monthly
The bank has reduced its onboarding time to 5–15 minutes.
The Philippines unveil tap-to-pay fare system in metro line
Commuters can now pay train fares in MRT-3 stations with their credit or debit card.
BPI’s revenue up by 14% YoY to $1.6b in H1
It was driven by the 16.2% increase in net interest income.
GoTyme Bank reaches $525.7m in deposits, expands into the SM Store
By Q3 2025, it will have kiosks in over 70 locations of the department store.
UnionBank opens new branch in Cebu City’s Aboitiz Corporate Center
This is the Philippine bank’s 200th branch in the region.
Singlife Philippines reaps accolades at Asian Banking & Finance Fintech Awards 2025
The company bagged the Customer Experience Solution Award - Philippines, Mobile App Award - Philippines, and New FinTech Product Award - Philippines categories.
Top Philippine banks’ strong capitalisation, liquidity a buffer for macro risks
Provisioning costs are expected to remain elevated as they expand their consumer loan books.
Philippine thrift banks grew total assets by 6% to $19.5b t in 2024
Lending activities rose by 14.7% during the year.
PBCOM appoints new treasury trading team head
Justin Labadan will begin in his new role on 1 July 2025.
Metrobank names Renato De Borja, Jr. as head of financial & control sector
He has been with Metrobank for over four years.
PBCOM declares cash dividend for the first time in 27 years
The bank has declared a PHP1 per share special cash dividend.
UnionBank raises $282.5m in fixed rate bonds
It plans to use the proceeds to extend term liabilities, expand funding base, etcetera.
Philippine Business Bank names new head of branch operations
The bank focuses on business clients in the Philippines.
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