Philippines
Philippines’ BSP holds interest rates at bay
The central bank, however, warns of upcoming inflation.
Philippines’ BSP holds interest rates at bay
The central bank, however, warns of upcoming inflation.
Cebuana Lhuillier Bank gets Rural/Cooperative Bank of the Year nod at 2021 Asian Banking & Finance Retail Banking Awards
The bank’s commitment to providing financial inclusion through innovative service is considered a game-changer in the Philippines
CIMB Philippines launch revolving credit product REVI Credit
It can grant as high as a $5,000 credit line to customers.
Philippine lender SB Finance teams up with FinScore to enhance credit scoring power
SB Finance said it will use FinScore’s solution to predict the creditworthiness of borrowers.
Philippine bank ratings at risk of another downgrade: Fitch Ratings
Fitch ratings downgrades the Philippines’ banking system operating environment score to negative.
Security Bank posts net profit of $61.35m in H1
Net interest income and non-interest income both fell compared to H1 2020.
Bank of the Philippine Islands to cease coal financing by 2033
BPI aims to stop lending 45% of coal-fired powered projects.
UnionBank clinches Philippines’ 4th digital bank license
UnionDigital will be a wholly-owned subsidiary of the Philippine lender.
'Buy now, pay later' speaks to convenience as more Filipinos remain unbanked
Bypassing credit cards, the payment instalment options prove to be attractive.
Fintechs could overtake Philippine banks in retail segment: Moody’s
Banks' slow development of digital financial services may just give fintechs an edge.
Chart of the Week: Philippine card payments market value to grow to $43.4b in 2021
Debit cards dominate in the Philippines with 90.6 million in circulation.
Philippines’ Landbank, UCPB to merge
Post-merger, the bank will have $55.4b in combined assets, reports local media.
Security Bank CEO Sanjiv Vohra on future-proofing a bank amidst a time of upheaval
The CEO of Philippines’ first private bank post-war highlights the importance of a people-centric approach in future-proofing a bank whilst tackling a crisis.
Philippine fintech firm Voyager raises $167m from Tencent, others
The firm has applied for a digital banking license in the country.
Security Bank’s SB Finance launches Car4Cash in the Philippines
Car owners can gain access to as much as PHP2m.
Pandemic pushes banks to adapt hybrid set-up for transaction banking services
BPI's John-C Syquia and FinServ Solution's Andre Lee discuss the latest trends in transaction banking.
Philippines’ Security Bank celebrates 70th year anniversary
The bank has launched the “Better Banking” brand campaign to complement this.
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