
BSP to require monthly monitoring of sponsored settlement in peso RTGS system
BSP mandates monthly monitoring of sponsored settlement in the peso real-time gross settlement payment system (RTGS PS) starting July 1, aiming to identify and manage any risks associated with sponsored participation arrangements. BSP mandates monthly monitoring of sponsored settlement in the peso real-time gross settlement payment system (RTGS PS) starting July 1, aiming to identify and manage any risks associated with sponsored participation arrangements.

Sterling Bank of Asia collaborates with Damosa Land Inc. to offer financing for eco-friendly housing in Davao
Sterling Bank of Asia forms a partnership with Damosa Land Inc. to provide financing for residential and condominium units, aiming to promote eco-friendly housing and uplift the lives of Davaoeños.

DBP extends P441 million loan to boost clean energy with Leyte Hydropower Project
The Development Bank of the Philippines (DBP) approves a loan to finance the Bao River Mini Hydroelectric Power Plant in Leyte, supporting clean energy efforts and addressing the region’s power shortage.

Enjoy no annual fee for life plus free PHP1,000 cash credits with your new Security Bank Gold Mastercard!
Get your perfect shopping credit card and take advantage of these exciting offers! Enjoy no annual fee for life plus an exclusive welcome gift of PHP1,000 cash credits with your new Security Bank Gold Mastercard.

LandBank provides P1.55B in loans to sugarcane sector for enhanced productivity
LandBank of the Philippines extends P1.55 billion in loans to the sugarcane sector, benefiting thousands of individuals and promoting productivity through the Socialized Credit Program-Sugarcane Industry Development Act (SCP-SIDA).

UNO Digital Bank and 1Sari Financing collaborate to offer loans to small stores
UNO Digital Bank Inc. and 1Sari Financing Corp. have partnered to provide loans to approximately 1.3 million community retail stores, aiming to address the limited access to capital faced by these small enterprises in the Philippines’ sachet economy.

BSP’s net profit soars on significant forex gains
The Bangko Sentral ng Pilipinas reported a net income of P83.82 billion in 2022, thanks to a substantial gain of P83.36 billion from foreign exchange fluctuations.
TRENDING ON BIG BANKS
BPI introduces MyKotse program, enabling extended amortization for car buyers 9 views
BSP, BDO collaborate on free online personal finance course to boost financial literacy in the Philippines 8 views
Security Bank reports 53% hike in net income for 2022 6 views
Sterling Bank of Asia collaborates with Damosa Land Inc. to offer financing for eco-friendly housing in Davao 5 views
BDO names new execs for institutional banking segment 4 views
BSP, BDO collaborate on free online personal finance course to boost financial literacy in the Philippines 42 views
China Bank Unveils New Branch at Newport Mall, Pasay City 36 views
New LANDBANK president aims to bring fresh perspective and innovation to fulfill social mandate 32 views
BDO Unibank recognized among LinkedIn’s 2022 Diversity Champions 26 views
Don’t be surprised: Union Bank announces maintenance activity 25 views
Security Bank wins for the third year as Best for High-Net-Worth customers 364 views
Banks initiate investigations into unauthorized GCash transfers 128 views
Don’t be surprised: Union Bank announces maintenance activity 124 views
Philippine National Bank appoints new chairman and president 120 views
Metrobank clinches six awards, including Cesar E.A. Virata Award, at 2023 PDS awards night 108 views

City Savings Bank unveils new motorcycle showroom in Cebu City
City Savings Bank announces the opening of their Motor Mo’to Motorcycle Showroom in Cebu City, offering pre-loved motorcycles.

Negros Occidental city taps CitySavings for loan facility
Himamaylan City Mayor Raymund Tongson joins forces with City Savings Bank officials to introduce special loan benefits for employees of Himamaylan City Hall.

Cebuana Lhuillier Bank launches Iponaryo Campaign to encourage savings among Filipinos amid pandemic challenges
Cebuana Lhuillier Bank restarts ‘Iponaryo’ advocacy campaign, which encourages Filipinos to save, following a report by the Bangko Sentral ng Pilipinas that found the number of Filipinos with savings accounts dropped by 25% due to the financial strain brought about by the COVID-19 pandemic.

Bangko Kabayan named “Best MSMEs Development Bank” at 2023 International Finance Awards
Bangko Kabayan named “Best MSMEs Development Bank” by the UK-headquartered publication
TRENDING ON THRIFT BANKS
BPI expands footprint of microfinance arm 8 views
Citystate Savings Bank pirates RCBC exec 2 views
Caloocan-based thrift bank delays annual stockholders’ meeting by 1 month 2 views
City Savings Bank taps UnionBank exec as chairman, ramps up digitalization 2 views
Yao-led thrift bank given more time to submit reports 2 views
BSP shuts down thrift bank in Bulacan 11 views
City Savings Bank unveils new motorcycle showroom in Cebu City 11 views
BPI expands footprint of microfinance arm 10 views
City Savings Bank taps UnionBank exec as chairman, ramps up digitalization 9 views
Bsp shuts down problematic thrift bank in Cebu 8 views
Yao-led thrift bank given more time to submit reports 46 views
Negros Occidental city taps CitySavings for loan facility 44 views
BPI expands footprint of microfinance arm 39 views
City Savings Bank taps UnionBank exec as chairman, ramps up digitalization 33 views
Cebuana Lhuillier Bank launches Iponaryo Campaign to encourage savings among Filipinos amid pandemic challenges 31 views

BSP shutters Bangko Pangasinan, PDIC takes over for liquidation
The Bangko Sentral ng Pilipinas (BSP) has ordered the closure of Bangko Pangasinan – A Rural Bank, Inc., leading to its takeover and liquidation by the Philippine Deposit Insurance Corporation (PDIC).

BSP closes Rural Bank of San Juan in Southern Leyte
The Bangko Sentral ng Pilipinas (BSP) has ordered the closure of Rural Bank of San Juan (Southern Leyte) Inc., marking the fourth rural bank shut down this year as the BSP aims to eliminate weak players in the industry.

Rural Bank of Rizal launches affordable bank accounts and loans in Cebu City
The Rural Bank of Rizal opens its 15th branch in Cebu City, offering P100 bank accounts and competitive interest rates on loans, while planning further expansion in the province and future branches in Manila.

Agribank ramps up digitalization
Agribusiness Rural Bank implements more measures to support its digitalization efforts.

Rural Bank of San Marcelino shut down by BSP
BSP orders the closure of a troubled rural bank in Zambales.

Aspac Rural Bank receives fresh capital for lending service
The bank is expanding “aggressively”, aiming to double deposit volume in the next two years.
TRENDING ON RURAL BANKS
BSP shutters Bangko Pangasinan, PDIC takes over for liquidation 5 views
PDIC disposing Palawan properties of closed banks 2 views
Rural Bank of San Agustin shut down by the BSP 2 views
Regulator eyes higher capitalization for rural banks 1 view
Cebuana Lhuillier Bank opens first branch in Cebu 1 view
BSP closes Rural Bank of San Juan in Southern Leyte 19 views
BSP shutters Bangko Pangasinan, PDIC takes over for liquidation 11 views
Central bank padlocks 7th problematic bank in Nueva Ecija 10 views
Rural Bank of San Agustin shut down by the BSP 9 views
Aspac Rural Bank receives fresh capital for lending service 9 views
Rural Bank of Rizal launches affordable bank accounts and loans in Cebu City 58 views
Agribank ramps up digitalization 49 views
Binangonan Rural Bank is first to launch e-money issuance operations 48 views
Cebuana Lhuillier Bank opens first branch in Cebu 41 views
Aspac Rural Bank receives fresh capital for lending service 37 views

BPI promotes sustainability and encourages Filipinos to embrace green living
The Bank of the Philippine Islands (BPI) launches the ‘Green and Beyond Sustainability Fair,’ part of its annual Sustainability Awareness Month (SAM), to inspire Filipinos to adopt a sustainable lifestyle, featuring booths showcasing electric vehicles, green homes, energy-efficient appliances, digital financial solutions, and more.

GCash, Silliman University, and USAID Join Forces to Restore Mangrove Ecosystems in Negros Oriental
GCash collaborates with Silliman University and the USAID Fish Right Program to initiate a mangrove reforestation project in Negros Oriental, aiming to combat climate change, protect biodiversity, and uplift coastal communities.

BDO Foundation and PGPC builds school building in Catarman
BDO Foundation and PGPC join forces to construct a three-classroom school building in Catarman, benefiting over 130 students and addressing classroom shortages, in their shared commitment to support underserved communities.

BSP Museum offers virtual exhibitions for International Museum Day
The Bangko Sentral ng Pilipinas (BSP) celebrates International Museum Day by showcasing its award-winning BSP Museum website, featuring virtual exhibitions of its collections and providing an interactive gallery experience for visitors.
TRENDING ON SOCIAL INTEREST
China Bank launches online account opening mobile app 4 views
Wildlife photographer hopes new P1,000 polymer bills will support Philippine Eagle conservation efforts 3 views
UnionBank’s UBX bags Best ATM Project Award 2 views
Security Bank is Philippines’ Best for High-Net-Worth clients 2 views
Landbank customers now enjoy 24/7 free cash withdrawals at 7-Eleven 2 views
No new coin series – BSP 15 views
BPI promotes sustainability and encourages Filipinos to embrace green living 13 views
Wildlife photographer hopes new P1,000 polymer bills will support Philippine Eagle conservation efforts 11 views
China Bank launches online account opening mobile app 9 views
RCBC’s DiskarTech launches inclusive business case competition 9 views
BPI unveils newest advocate 128 views
No new coin series – BSP 87 views
Security Bank is Philippines’ Best for High-Net-Worth clients 47 views
Wildlife photographer hopes new P1,000 polymer bills will support Philippine Eagle conservation efforts 46 views
BSP Museum offers virtual exhibitions for International Museum Day 41 views