DBM pushes First 100-day Roadmap on Digitalization
Following the eight-point socioeconomic agenda of the Marcos administration, Budget Secretary Amenah Pangandaman is spearheading the First 100-day Roadmap on Digitalization to enhance bureaucratic efficiency and ensure sound fiscal management.
China Bank earnings hit record P5B in Q2, jump 39% to P10.1B in H1
The earnings of China Banking Corp. led by bankero William Whang reached a record P5 billion in the second quarter, translating to a 39 percent jump in net income to P10.1 billion in the first semester of the year.
Maiden peso bond offering of Bank of Commerce yields P7.5B
The maiden peso bond offering of Bank of Commerce led by bankero Michelangelo Aguilar successfully raised P7.5 billion.
BPI launches new product to augment P218B AUM
Bank of the Philippine Islands (BPI) led by bankero TG Limcaoco is launching the first of its kind mutual fund in the country that focuses on real estate, the ALFM Real Estate Income Fund (ALFM REIF) by the middle of next month.
BDO says loans of Dennis Uy firm secured, Udenna settles ahead of schedule
The exposure of BDO Unibank Inc. led by bankero Nestor Tan to a company controlled by Davao-based businessman Dennis Uy is secured and a possible default would have no adverse effect on the country’s largest bank.
DBP finances P2.6B mini hydro power project in Ifugao
State-owned Development Bank of the Philippines (DBP) headed by bankero Emmanuel Herbosa is extending up to P2.6 billion funding facility to Kiangan Mini Hydro Corp. (KMHC) for the development of the Asin-Hungduan and Ibulao1 mini hydro power projects in Kiangan, Ifugao.
Landbank extends P748M in loans to Biliran LGUs for infra projects
State-run Land Bank of the Philippines led by bankero Cecilia Borromeo has approved P747.9 million worth of loans to local government units (LGUs) in the province of Biliran.
TRENDING ON BIG BANKS
PSBank rewards shareholders with P0.75 cash dividend
Philippine Saving Bank (PSBank) led by bankero Jose Vicente Alde has rewarded shareholders with a cash dividend of P0.75 per share for the second quarter of the year.
Philippine Business Bank pirates chief auditor of Toyota Financial Services
Philippine Business Bank (PBB) headed by bankero Rolando Avante has landed veteran auditor Marily Cabuco, former chief audit executive of Toyota Financial Services Philippines Corp. (TFSPH).
Yao-led thrift bank given more time to submit reports
Philippine Business Bank (PBB) led by bankero Rolando Avante has been given more time by the Securities and Exchange Commission (SEC) to submit the required reports to the regulator.
BPI expands footprint of microfinance arm
Bank of the Philippine Islands (BPI) led by bankero TG Limcaoco is further expanding the footprint of its microfinance arm nationwide to reach out to more unserved and underserved communities nationwide, particularly self-employed microentrepreneurs (SEMEs).
TRENDING ON THRIFT BANKS
Philippine Business Bank pirates chief auditor of Toyota Financial Services 
BSP shuts down thrift bank in Bulacan 
City Savings Bank taps UnionBank exec as chairman, ramps up digitalization 
Despite consolidation of major players, BSP says thrift banking sector remains resilient 
City Savings Bank helps upskill Davao teachers
PDIC highlights strong depositor confidence in rural banks
State-run Philippine Deposit Insurance Corp. (PDIC) said that the post-pandemic data on the growth in deposits in the rural banking sector point to strong depositor confidence in small banks amid great uncertainty.
Landbank launches P10B facility for Odette-affected rural banks
Government-owned Land Bank of the Philippines led by Cecilia Borromeo has launched a new lending program to help fast-track the recovery of countryside financial institutions (CFIs) adversely affected by the onslaught of typhoon Odette last December.
Problematic rural bank in South Cotabato ordered closed
The Bangko Sentral ng Pilipinas (BSP) has shuttered eight problematic banks this year after ordering the closure of Rural Bank of Polomolok Inc. based in South Cotabato.
Cebuana Lhuillier Bank opens first branch in Cebu
Cebuana Lhuillier Bank (CLB) led by bankero Dennis Valdes has set its sights for further expansion in the Visayas region, beginning with the opening of its first branch in Cebu City.
E-money gets a boost with Cebuana Lhuillier, Element partnership
Cebuana Lhuillier has partnered with Element Inc. to provide electronic Know-Your-Customer (eKYC) services to all Filipinos, enabling online registration for digital financial products.
PDIC disposing Palawan properties of closed banks
State-run Philippine Deposit Insurance Corp, (PDIC) is disposing 80 properties owned by various closed banks and located in various municipalities of Palawan.
TRENDING ON RURAL BANKS
UnionBank arm ties up with WomenBizPH, SeedIn to boost women-led firm
The leading open finance platform arm of Union Bank of the Philippines headed by bankero Edwin Bautista cemented its role in empowering women in business by signing a groundbreaking partnership agreement with Women’s Business Council Philippines (WomenBizPH) and mobile financing powerhouse SeedIn.
BPI, Ayala Foundation launch donation campaign the arts and culture way
Bank of the Philippine Islands (BPI) head by bankero TG Limcaoco has partnered with Ayala Foundation Inc. (AFI) for a donation drive that aims to encourage BPI cardholders to donate to promote arts and culture in the country.
The Asset recognizes Security Bank officers
The Asset has recognized key officers of Security Bank Corp. led by bankero Sanjiv Vohra as among the country’s best local currency bond individuals in sales for 2022 at the latest Asian Local Currency Bond Benchmark Review.
RCBC’s DiskarTech launches inclusive business case competition
With the goal of honing the youth to be entrepreneurial and financially literate, Rizal Commercial Banking Corp. (RCBC) headed by bankero Eugene Acevedo through its digital finance inclusion super app DiskarTech launches DiskarTechPreneur, a financial literacy bootcamp and business case competition open to senior high school students.
TRENDING ON SOCIAL INTEREST
They’re growing strawberries in Negros and Japan helps make it happen 
PDIC enhances services to clients through 2 offices 
Wealth management arm of BPI named Philippines’ Best Asset Manager 
Fintech offers study-now-pay-later plans for yuppies 
BSP holds multi-stakeholder consultation on the plastic P1,000 bill
China Bank launches online account opening mobile app - Wealth management arm of BPI named Philippines’ Best Asset Manager
- PDIC enhances services to clients through 2 offices
- BSP holds multi-stakeholder consultation on the plastic P1,000 bill
Security Bank, AstraZeneca tie up offers funding access for cancer patients
The Asset recognizes Security Bank officers 
UnionBank arm ties up with WomenBizPH, SeedIn to boost women-led firm - China Bank launches online account opening mobile app
- Wealth management arm of BPI named Philippines’ Best Asset Manager
BPI, Ayala Foundation launch donation campaign the arts and culture way