Staff Reporter

Amongst all funding options, microfinance institutions had the highest success rate.

Thanks to the improvement in net interest income.

Its domestic loan portfolio also grew by 15.1%.

Revenue stood at $2.9b (PHP170.1b), up by 23%.

Globally, it can lead to nearly 280 million fewer jobs by 2030.

Gain insights into exploring strategies for optimising IT investments and cost intelligence from top leaders in the banking and financial services industry.

It provides an overview of the developments and achievements of HK’s financial services in recent years.

The collaboration will leverage IPPB’s network of 650 banking outlets.

Farmers no longer required to visit PCIC offices.

The introduction of IFRS 9 at the start of 2018 fundamentally transformed how financial institutions (FIs) understand and measure risk, prompting a shift to a proactive approach to credit risk management. FIs must anticipate and make future losses provisions, rather than reactively responding only after a loss has been incurred. This shift necessitates accurate financial reporting and extensive disclosures, including the recognition and measurement of expected credit losses (ECL).

This allows customers to pay directly from their bank accounts.

But loans extended to SMEs will continue to remain sluggish in quality.

It identified consumer payments and value-added services amongst its growth levers.

Of 22 priority actions, 4 are complete and 15 are ongoing, the statement said.

Japan's FSA suspected the bank of having left 14,369 transactions unaccounted for.

It reportedly improved payments processing and regulatory compliance.