RCBC rewards preferred shareholders with cash dividend
Rizal Commercial Banking Corp. (RCBC) led by bankero Eugene Acevedo rewarded holders of the bank’s preferred shares with a cash dividend.
Financial authorities in Asia tackle climate-related financial risks
Financial authorities in Asia led by Philippine central bank governor Benjamin Diokno discussed climate-related financial risks during a recent virtual meeting of the Financial Stability Board Regional Consultative Group for Asia (FSB-RCGA).
Security Bank beefs up management team with foreign bankers
Security Bank Corp. led by bankero Sanjiv Vohra beefed up its management with the hiring of two experience foreign bankers.
Real estate, manufacturing, households boost credit portfolio of big banks
Real estate, manufacturing, and households fueled a double-digit growth in the lending portfolio of universal and commercial banks for the month of April, the Bangko Sentral ng Pilipinas (BSP) reported.
Inflation likely breached 5% in May
Inflation further picked up and breached five percent in May on skyrocketing oil prices, elevated food prices, and the weak peso, according to the Bangko Sentral ng Pilipinas (BSP).
ECCP to work with new gov’t to develop open finance, push financial inclusion
The European Chamber of Commerce of the Philippines’ (ECCP) Special Committee on Open Finance and Financial Inclusion (SCOFFI) will support the new administration’s initiatives to promote financial inclusion and open finance.
Standard Chartered Bank wins at The Asset Triple A Awards 2022
Standard Chartered Bank led by bankero Lynette Ortiz has been recognized for its achievements in Transaction Banking, capturing a total of twenty-eight awards in Asia at The Asset Triple A Awards 2022, including the award for Best Service Provider E-Solutions for Philippines.
Interest rate cap on credit card transactions kept at 2% per month
Monetary authorities retained the cap on credit card transactions at two percent per month or 24 percent per year to ease the financial burden of Filipinos amid the global health crisis.