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March 01, 2024

Basic deposits rise 8.5% to P5.1B from P4.7B

The Bangko Sentral ng Pilipinas (BSP) reported an 8.5 percent increase in basis deposits to P5.1 billion from P4.7 billion in 2020 as the central bank ramps up financial inclusion efforts.

BDO lands top RCBC exec

BDO Unibank Inc. headed by bankero Nestor Tan has pirated a top executive of Rizal Commercial Banking Corp. (RCBC) led by bankero Eugene Acevedo.

Japan’s Seven Bank, 7-Eleven install 1,500th ATM in Cebu

The Philippine unit of Seven Bank Ltd of Japan in partnership with Philippine Seven Corp. (PSC) continues to make safe and convenient banking accessible to more Filipinos as it expands its ATM services across the country, marking the activation of the 1,500th cash-recycling ATM in Casa Mira, Cebu City.