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.
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.
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.
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 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.
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.
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.
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 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.
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.
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 drives financial inclusion through its revolutionary micro savings product and innovative services, empowering millions of Filipinos with safe and accessible banking options.
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
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).
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 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 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 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.