BSP encourages public to utilize coins in cash transactions, issuing an advisory to increase the legal tender limit from P1,000 to P2,000 per transaction, promoting efficient recirculation of coins in the country and combating coin hoarding through the Coin Recirculation Program.
BPI reported a 4.5% year-on-year growth in net income for Q2, reaching P13.0 billion, and saw a 23% surge in first-half earnings to P25.1 billion, despite a decline in non-interest income.
Pru Life UK provides free PRUMedcare insurance vouchers to mothers for their newborns, offering coverage against infectious diseases in underserved communities.
WD Group achieves impressive rankings in the 2023 Million Dollar Round Table (MDRT) Top 10 Multinational Companies list, retaining its number six position, and excelling in individual country rankings.
In accordance with the New Central Bank Act, the Bangko Sentral ng Pilipinas (BSP) has ordered the closure of United Consumers Rural Bank Inc., making it the sixth problematic rural bank shut down this year.