City Savings Bank and DepEd join forces in Project Pink
City Savings Bank’s Project Pink, in collaboration with the Department of Education Central Office, celebrates National Breast Cancer Awareness Month, educating attendees on breast health and providing Thermalytix breast screening vouchers, reinforcing their commitment to raising awareness and fighting breast cancer.
Inlife enhances transparency and global accounting standards with IFRS 17
InLife is preparing to adopt the global accounting standard IFRS 17, with a commitment to enhance transparency and consistency in reporting insurance contracts.
MaxiLife and Make-A-Wish Philippines unite to grant wishes and inspire brave kids
MaxiLife and Make-A-Wish Philippines have joined forces to launch their inaugural Wish Granting event, dedicated to bringing joy to courageous children and promoting selfless service, corporate social responsibility, and inspiring dreams among Filipino youth.
PH lenders expected to sustain profitability through 2025
S&P Global Ratings predicts that Philippine banks are likely to sustain their profitability until 2025, despite an anticipated slowdown in economic growth, with strong financial performance, stable credit outlook, and declining bad loans.
Digital payments drive surge in credit card transactions
The Philippines is experiencing a surge in credit card transactions driven by the adoption of digital payments and “revenge spending,” with credit card receivables rising by 29% to P619 billion by June 2023, and cashless payments becoming increasingly popular among Filipinos.
Major banks eliminate transfer fees for small amounts
Landbank joins other major institutions like Bank of the Philippine Islands, Metropolitan Bank and Trust Co., and Union Bank of the Philippines in waving transfer fees for small amounts.
PCO partners with LandBank for enhanced government procurement efficiency
The Presidential Communications Office (PCO) has partnered with the Land Bank of the Philippines (LandBank) to use the Government Purchase Card (GPC) for efficient government procurement, aiming to streamline payments and expedite services while joining other government offices in this digitalization effort.
Lynette Ortiz’s transition from banking to public service
Lynette Ortiz, a veteran banker with over 30 years of experience, has transitioned from her role as the first Filipino country chief of Standard Chartered Bank (SCB) Philippines to lead the state-owned Land Bank of the Philippines, driven by her commitment to public service and aims to leverage her banking skills to benefit the broader society, emphasizing her dedication to enduring leadership, empowering women and minorities, and promoting innovation and client-centric approaches.
Bancassurance responds to evolving financial behaviors among Filipinos
Neil Bowyer, President and CEO of Manulife China Bank Life Assurance Corporation (MCBL), is steering the company in responding to the evolving financial behaviors among Filipinos, emphasizing a customer-centric approach and the significance of financial advisors alongside digital transactions.
Manulife and Kiva collaborate to empower microentrepreneurs in Asia with $1 Million funding boost
Manulife has joined forces with non-profit microfinance organization Kiva, committing $1 million to enhance microfinancing opportunities for underserved communities and small business owners in the Philippines, Cambodia, Indonesia, and Vietnam over the next three years, leveraging the Manulife Match Fund for a sustainable financial support system.