UnionBank’s UBX bags Best ATM Project Award
The financial technology venture studio and fund of Union Bank of the Philippines headed by bankero Edwin Bautista bagged the Best ATM Project Award at the 2022 Asset Triple A Digital Awards for its groundbreaking Mobile ATM Solution.
Standard Chartered Bank sees 25bps rate hike on Thursday
Standard Chartered Bank led by bankero Lynette Ortiz expects the Bangko Sentral ng Pilipinas (BSP) to jack up interest rates by 25 basis points on Thursday.
EO on e-payments for gov’t transactions seen cutting corruption
The Bangko Sentral ng Pilipinas (BSP) said the directive issued by President Duterte on the adoption of digital payments for government disbursements and collections is seen reducing the risk of graft and corruption.
BSP opens currency exchange facility for OFWs returning from Ukraine
The Bangko Sentral ng Pilipinas (BSP) has opened a currency exchange facility program for overseas Filipinos workers (OFWs) and their families returning from Ukraine.
RCBC eyes 9% growth in SME lending to P101.5B this year
Rizal Commercial Banking Corp. (RCBC) headed by bankero Eugene Acevedo sees small and medium enterprises (SME) loan portfolio this year growing by nine percent this year on the back of global economic recovery and the stable outlook for the Philippine banking sector.
UnionBank shareholders inject P40B to fund acquisition of Citi’s retail banking business
Union Bank of the Philippines led by bankero Edwin Bautista raised P40 billion with the completion of a stock rights offering (SRO) to partially finance the retail banking business of Citigroup Inc. in the Philippines.