Bangko Sentral policy, lending and deposits, insurers, digital banks and fintech in the Philippines.
Banking & Finance
Metropolitan Bank & Trust Co. is banking on its financial strength to sustain lending and investments in its services amid economic uncertainty as it marks its 64th anniversary this month.
Banking & Finance
Pag-IBIG Fund and SM Development Corp. (SMDC) signed a memorandum of understanding (MoU) on Sept. 8 to widen the range of SMDC homes that qualified members may purchase using Pag-IBIG Housing Loans. The MoU also covers preferential pricing on selected units, buyer education and planned homebuyer programs.
Banking & Finance
MANILA, Philippines — The Social Security System (SSS) has expanded access to its microloan program through UnionDigital (UD) Bank, allowing qualified members to apply for loans of up to P20,000 through the bank’s mobile application.
Also covered by Philstar Business
Banking & Finance
PHILIPPINE BANKS’ outstanding loans to businesses and consumers grew by over 10% in July, preliminary Bangko Sentral ng Pilipinas (BSP) data showed. Universal and commercial banks’ total outstanding loans, net of reverse repurchase agreements, grew by 10.4% year on year to P14.98 trillion at end-July from P13.574 trillion, the central…
Also covered by BusinessWorld
PHILIPPINE BANKS should brace for prolonged volatility if the economy fails to regain its footing over the next year, S&P Global Ratings said.
THE PESO’S performance against the dollar remains the weakest among other currencies in the region as the Philippines’ weak external position exposes it more to global headwinds, Singapore-based Oversea-Chinese Banking Corp. Ltd. (OCBC) said.
Global Dominion has been accelerating the growth of individuals and businesses through loans and financing products.
