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.
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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
- BSP, BDO collaborate on free online personal finance course to boost financial literacy in the Philippines
- Security Bank reports 53% hike in net income for 2022
- Sterling Bank of Asia collaborates with Damosa Land Inc. to offer financing for eco-friendly housing in Davao
- BDO names new execs for institutional banking segment
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
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
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
- Wildlife photographer hopes new P1,000 polymer bills will support Philippine Eagle conservation efforts
- UnionBank’s UBX bags Best ATM Project Award
- Security Bank is Philippines’ Best for High-Net-Worth clients
- Landbank customers now enjoy 24/7 free cash withdrawals at 7-Eleven