CDO-based rural bank boosts alliance with UBX
September 9, 2022
SouthBank wants to beef up digital financial services to more Mindanaoans.
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SouthBank wants to beef up digital financial services to more Mindanaoans.
State-run Philippine Deposit Insurance Corp. (PDIC) said that the post-pandemic data on the growth in deposits in the rural banking sector point to strong depositor confidence in small banks amid great uncertainty.
Government-owned Land Bank of the Philippines led by Cecilia Borromeo has launched a new lending program to help fast-track the recovery of countryside financial institutions (CFIs) adversely affected by the onslaught of typhoon Odette last December.
The Bangko Sentral ng Pilipinas (BSP) has shuttered eight problematic banks this year after ordering the closure of Rural Bank of Polomolok Inc. based in South Cotabato.
Cebuana Lhuillier Bank (CLB) led by bankero Dennis Valdes has set its sights for further expansion in the Visayas region, beginning with the opening of its first branch in Cebu City.
Cebuana Lhuillier has partnered with Element Inc. to provide electronic Know-Your-Customer (eKYC) services to all Filipinos, enabling online registration for digital financial products.
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