The DBP is set to craft a financing scheme for informal settlers in the country.
In line with the country’s plan to provide housing to informal settlers, DBP is set to draft a financing plan to construct six million units in the next 6 years. In an agreement signed alongside the Department of Human Settlements and Urban Development (DHSUD), the bank shall provide financial and technical assistance to the bureau to address mass housing requirements.
Philippines’ external debt surges to $111.27 billion in 2022 
Maybank Securities forecasts 9% lending growth for Security Bank in 2023 
EastWest VP Isabelle Gotianun Yap among World Economic Forum’s Young Global Leaders Class of 2023 
EastWest Bank profit jumps 42% on strong consumer lending 
Mariana Zobel de Ayala joins U-Go Global Board of Directors 
Bangko Sentral ng Pilipinas Governor Felipe M. Medalla has provided assurances to Malacanang that the domestic banking system remains resilient against any potential shocks caused by the recent US bank failures.
Analysts anticipate that the Bangko Sentral ng Pilipinas (BSP) will increase the benchmark borrowing rate by 25 basis points (bps) this Thursday, March 23, raising the policy rate to 6.25 percent.
The Bangko Sentral ng Pilipinas (BSP) reported a net income of P83.82 billion in 2022, up by 141.4 percent compared to the previous year.
The banking arm of the Gotianun family, EastWest Bank, grew its net income by 42 percent to ₱4.6 billion in 2022, mainly due to the bank’s strong performance in consumer lending.
Company officials also said that the target can be reached despite the BSP’s continued tightening.
Isabelle Gotianun Yap is the Philippines’ lone representative in this year’s class.
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