World Bank greenlights $600 Million loan to propel Philippines’ digital transformation
The World Bank has approved a $600-million loan to advance the Philippines’ digital transformation agenda, with a specific focus on digitizing government operations, expanding financial inclusion through digital finance, and nurturing the growth of digital services.
PNB recognized during SSS’s 66th anniversary celebration
The Social Security System (SSS) has bestowed two prestigious awards upon Philippine National Bank (PNB), designating them as the “Best Collection Partner” for the Overseas Bank category and the “Best Disbursement Partner” for the Universal Bank category during the “Balikat ng Bayan” Awards (BBA) 2023 ceremony held at the SSS Main Office in Quezon City on September 8.
Metrobank’s remarkable 61-year journey: from humble beginnings to financial excellence
Celebrating its 61st anniversary, Metrobank’s evolution from a small office in Binondo, Manila, to a leading financial institution is a testament to its growth, diversification, and resilience, earning recognition in the industry and a strong commitment to empowering clients.
BDO and SMIC among ‘Outstanding Companies in Asia’
SM Investments Corporation (SMIC) and its banking arm, BDO Unibank Inc., have been recognized as Outstanding Companies in Asia by Asiamoney magazine in the Environmental, Social, and Governance (ESG) and Banking categories, respectively.
Union Bank removed from PSEi and other indices due to free float compliance issues
Union Bank of the Philippines (UnionBank/UBP) is set to be removed from multiple Philippine Stock Exchange (PSE) indices, including the PSEi, due to compliance issues with the minimum free float requirement, with Nickel Asia Corporation replacing it in the PSEi.
EastWest Bank: a resilient player amidst the pandemic
East West Banking Corp. (EastWest Bank) showcases resilience throughout its 29-year history, and successfully adapted its operations despite the challenges brought by the Covid-19 pandemic.
AUB strengthens partnership with Alipay+ to boost cross-border payments
Asia United Bank (AUB) is reinforcing its collaboration with Alipay+ to position AUB PayMate as a favored cross-border payment solution for travelers in the region.
CSBank expands presence in Pampanga
Citystate Savings Bank (CSBank) opens its 31st branch, a Branch Lite Unit in San Fernando, Pampanga, signaling its commitment to serving the local community’s financial needs, with plans for further expansion in strategic locations.
Diokno urges thrift banks to prioritize digitalization
The Department of Finance (DOF) has called upon thrift banks to accelerate their digital transformation efforts at the Chamber of Thrift Banks Annual Convention.
CitySavings introduces ‘Loan Ranger’ mobile app for public school teachers
CitySavings Bank has launched a mobile app designed to simplify banking for over 170,000 public school teachers by allowing them to check balances, apply for reloans, and track loan applications without visiting a branch.
Citystate Savings Bank marks 26th anniversary
Citystate Savings Bank celebrates its 26th anniversary, highlighting its commitment to providing reliable financial services and announcing plans for expansion to establish branch-lite units in strategic locations.
BSP shuts down rural bank in Cebu, bringing 2023 closure tally to seven
The Bangko Sentral ng Pilipinas (BSP) has closed the Rural Bank of Talisay (Cebu), Inc., marking the seventh rural bank closure this year in compliance with the amended Republic Act No. 7653.
BSP orders closure of Isabela rural bank, marks sixth shut down this ear
In accordance with the New Central Bank Act, the Bangko Sentral ng Pilipinas (BSP) has ordered the closure of United Consumers Rural Bank Inc., making it the sixth problematic rural bank shut down this year.
Cebuana Lhuillier Bank empowers financial inclusion as it celebrates its 25th year
Cebuana Lhuillier Bank drives financial inclusion through its revolutionary micro savings product and innovative services, empowering millions of Filipinos with safe and accessible banking options.
PDIC advises shuttered bank’s borrowers to fulfill loan obligations
The Philippine Deposit Insurance Corp. (PDIC) has advised borrowers of Rural Bank of San Juan (Southern Leyte) Inc., which has been closed, to fulfill their loan obligations
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.
Metrobank presents ‘Wisdom of Da Vinci: Immersive AI Experience’
Metrobank has partnered with Bonifacio Global City (BGC) to offer an immersive AI experience, “Wisdom of Da Vinci,” featuring iconic works of Leonardo da Vinci.
INDX3 Summit unites industry leaders to drive digital economy and innovation in Philippines’ fintech sector
Philippines’ INDX3 Summit to foster digital economy and showcase emerging innovations in fintech industry.
Metrobank offers tips on safeguarding funds against inflation
Metrobank provides tips on protecting funds from inflation by emphasizing the importance of long-term investments, such as compound-interest earning financial instruments like Unit Investment Trust Funds (UITFs), and avoiding keeping money idle at home.
Pouch.ph introduces low-cost money transfer feature for PH to US Bank Transfers
Pouch.ph has introduced its “Send Globally” feature, enabling customers in the Philippines, including expats, to make low-cost and instant transfers to US bank accounts, simplifying cross-border payments.