Sustainalytics updates BDO’s Sustainable Finance Framework accreditation
BDO Unibank Inc. (BDO) headed by bankero Nestor Tan has recently received an updated accreditation on its Sustainable Finance Framework (SFF) from New York-based Sustainalytics.
Security Bank hires 2 senior execs, promotes 3 officers
Security Bank Corp. led by bankero Sanjiv Vohra has hired to senior officers to beef up its information technology department.
BSP bags award for payment innovation
The Bangko Sentral ng Pilipinas (BSP) recently received an international award for its innovative use of ISO 20022 global standards to further improve the safety and efficiency of the Peso real-time gross settlement (RTGS) payment system.
Landbank expands prepaid card services
About 10 million beneficiaries under the Conditional Cash Transfer (CCT) and Unconditional Cash Transfer (UCT) programs of the Department of Social Welfare and Development (DSWD) now have wider access to array of banking services, through their upgraded prepaid cards from state-run Land Bank of the Philippines led by bankero Cecilia Borromeo.
BSP cites importance of reaching out to Filipino people
The Bangko Sentral ng Pilipinas (BSP) underscored the importance of bringing the BSP closer to the Filipino people during a recent South East Asian Central Banks (SEACEN) Seminar on Central Bank Governance.
RCBC doubles bond program to P200B
Rizal Commercial Banking Corp. (RCBC) headed by bankero Eugene Acevedo has doubled its peso bond and commercial paper program to P200 billion from P100 billion in its bid to raise funds to support asset growth and refinance maturing liabilities.
UnionBank to double digital customers to 2M
Union Bank of the Philippines led by bankero Edwin Bautista is looking at doubling the number of digital customers to two million by the end of the year from about one million.
Moody’s Analytics sees BSP delivery more aggressive 50 bps rate hike
Moody’s Analytics sees the Bangko Sentral ng Pilipinas (BSP) delivering a more aggressive 50 basis points rate hike in August, bringing the overnight reverse repurchase rate to three percent, to curb rising inflationary expectations and temper the depreciation of the peso.
CMDC caps accomplishments with first-ever PHL fully digitalized bond float
The Capital Market Development Council (CMDC) has capped its array of accomplishments under the Duterte administration with the successful issuance of the Philippines’ first-ever digital corporate bond using block chain technology, along with several initiatives to digitalize transactions and make them easier and more convenient for small investors to further expand their participation in the domestic capital market.
Palace approves whole-of-gov’t support for national financial inclusion strategy
The Bangko Sentral ng Pilipinas (BSP) has thanked outgoing President Rodrigo Duterte for institutionalizing the whole-of-government support for the implementation and the adoption of financial inclusion as a development agenda at both the national and subnational levels.