PNB earns acolade for fostering a strong learning culture among employees
Philippine National Bank (PNB) has been recognized for its commitment to promoting a robust learning culture, supporting its employees in adapting to changing work practices and challenges.
Singapore’s Account Labs introduces Unipass crypto wallet
Account Labs, the Singapore-based cryptocurrency platform, enters the Philippine market with the Unipass crypto wallet, aiming to simplify international remittances for freelancers.
LandBank honored as ‘Best Bank’ for pioneering financial inclusion
The Land Bank of the Philippines (LandBank) receives the esteemed title of ‘Best Bank’ from Kantar Philippines for its outstanding commitment to advancing financial inclusion.
MSME loans totaling P13 billion provided by small banks
Thrift and rural banks in the Philippines have provided a total of P13.306 billion in loans to micro, small, and medium enterprises (MSMEs) and eligible large companies as part of an alternative compliance method for reserve requirements (RR).
UnionBank to phase out Citi brand in early 2024
Union Bank of the Philippines is set to phase out the Citi brand in the first quarter of 2024 following its successful P72-billion buyout of Citi’s consumer banking business.
AllBank and CycleHouse revolutionize digital payments for financial inclusivity
AllBank (A Thrift Bank) Inc. and CycleHouse have partnered to extend the reach of digital payments, enabling financial inclusivity for smartphone users without traditional banking access, while also introducing innovative solutions for aspiring entrepreneurs and enhancing the safety and efficiency of parcel delivery services.
RCBC forum explores transition to sustainable business operations
RCBC’s recent forum emphasized the importance of businesses achieving a balance between financial priorities and environmentally and socially responsible strategies when transitioning to sustainable operations.
UnionBank’s net income drops 20% in first nine months of 2023
Union Bank of the Philippines (UnionBank) reported a 20% decrease in consolidated net income for the first nine months of 2023, attributed to increased expenses related to the integration of the acquired Citi consumer business and marketing efforts, despite strong net revenues driven by growth in net interest income and noninterest income
Economists anticipate policy rate hike to 7%
Economists predict that the Bangko Sentral ng Pilipinas (BSP) might raise the benchmark interest rate to seven percent to combat persistently high inflation, with mixed sentiments on whether this could happen before or during the November 16 Monetary Board policy meeting.
BSP urges stringent customer due diligence amid SEC amnesty program
The Bangko Sentral ng Pilipinas (BSP) has instructed banks to maintain strict customer due diligence (CDD) processes as part of their relationship review, in light of the Security and Exchange Commission’s (SEC) amnesty program aimed at preventing the revocation of certificates of incorporation for non-compliant corporations.