Bank of the Philippine Islands (BPI) led by bankero TG Limcaoco has expanded its treasury activities under its global markets segment by adopting sustainability principles in its asset-liability management investment process.
The government maintained Wednesday that the inflation rate for June 2022 reached 6.1 percent and clarified that President Ferdinand “Bongbong” Marcos Jr. was misunderstood during a press conference following the new administration’s first Cabinet meeting.
Philippine banks booked a 10.5 percent decline in soured loans to P429.11 billion in May from P479.48 billion in the same month last year as the economy further reopens from the strict COVID-19 lockdowns, according to the Bangko Sentral ng Pilipinas (BSP).
The Bangko Sentral ng Pilipinas (BSP) informs the public that it has not released a new Philippine coin series.
The Bangko Sentral ng Pilipinas (BSP) said that the share of digital payments to total retail transactions jumped to 30.3 percent last year from 20.1 percent in 2020.
Moody’s Investors Service affirmed the investment grade credit rating of China Banking Corp. led by bankero William Whang on the back of its strong capitalization and profitability.