UnionBank strengthens supply chain finance platform to help MSMEs
Union Bank of the Philippines headed by bankero Edwin Bautista continues to pursue digital transformation and strengthen its supply chain finance solution platform to help micro, small, and medium-sized enterprises (MSMEs) affected by the COVID-19 pandemic.
RCBC removes cap on foreign ownership
Rizal Commercial Banking Corp. (RCBC) led by bankero Eugene Acevedo has removed a cap on foreign ownership as it continues to explore various capital raising opportunities.
Citystate Savings Bank pirates RCBC exec
Citystate Savings Bank led by bankero Benjamin Ramos has tapped the services of a former executive of Rizal Commercial Banking Corp. (RCBC) headed by bankero Eugene Acevedo to head its business process management department.
BPI taking cybersecurity seriously, hikes IT-related spending by 50%
Bank of the Philippine Islands (BPI) led by bankero TG Limcaoco is taking cyber security seriously and decided to hike its spending for digitalization and information technology (IT) by 50 percent this year.
Speculative funds exit Philippines in Q1 amid US Fed hike, Russia-Ukraine war
Speculative funds were pulled out from the Philippines as investors searched for better yields after the US Federal Reserve started hiking interest rates last month, while Russia’s invasion of Ukraine continued.
BDO, UnionBank vow to work with BSP for a more secure financial system
BDO Unibank Inc. headed by bankero Nestor Tan and Union Bank of the Philippines led by bankero Edwin Bautista vowed to work with the Bangko Sentral ng Pilipinas (BSP) for a more secure banking system and to protect the banking public.
PayMongo exec amazed by wide reach of app
PayMongo chief technology officer Jaime Hing III shared a photo that shows how their company has grown.
PNB is Best Bank for Investment Research for second year in a row
AsiaMoney has recognized Philippine National Bank (PNB) headed by bankero Wick Veloso as the Best Bank for Investment Research in the Philippines for the second consecutive year during its Private Banking Awards.
BPI arranges financing to P77B deal to acquire telco towers of PLDT Group
Bank of the Philippine Islands (BPI) led by bankero TG Limcaoco has arranged the financing that would bankroll the acquisition of the 5,907 telco towers owned by the PLDT Group to two leading international tower operators for P77 billion.
BDO, UnionBank face sanctions from BSP for Mark Nagoyo hacking incident
BDO Unibank Inc. led by bankero Nestor Tan and Union Bank of the Philippines headed by bankero Edwin Bautista are facing sanctions from the Bangko Sentral ng Pilipinas (BSP) for the Mark Nagoyo hacking incident last December.