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Banks’ bad loans rise in February
The soured loans of Philippine banks picked up for the 14th straight month in February, bringing the gross non-performing loan ratio to a steady 3.44 percent, amid high interest rates......»»
Indian banking sector continues to improve with better asset quality, high credit growth: Survey
New Delhi [India], March 21 (ANI): The health of the Indian banking sector continues to improve with better asset quality and high credit growth, a survey conducted by industry body FICCI and banking association Indian Banks' Association (IBA) showed. The eighteenth round of the survey was carried out for the period July to December 2023. Those banks that were surveyed together represent about 77 per cent of the banking i.....»»
Moody’s outlook: Philippine banks remain on stable footing
Moody’s Investors Service has maintained a stable outlook for Philippine banks as interest rate cuts from the Bangko Sentral ng Pilipinas this year are seen to support economic recovery......»»
Digital banks seen profitable in 5-7 years
Digital banks in the Philippines need five to seven years to become profitable, as only two out of six online lenders are doing well so far, according to the Bangko Sentral ng Pilipinas......»»
UBS sees 2-digit credit growth for Philippines banks
Banks operating in the Philippines are expected to post a double-digit credit growth this year on the back of robust economic expansion, according to banking giant UBS......»»
Philippines, German central banks partner on capacity-building
The central banks of the Philippines and Germany have formalized their partnership on capacity-building through the signing of a memorandum of understanding......»»
Banks’ bad loans swell in 2023
The soured loans of Philippine banks picked up to 3.23 percent in 2023 from the almost two-year low in 2022, according to the Bangko Sentral ng Pilipinas......»»
RCBC the best PH bank by network uptime, and UBP ranks at the bottom
Brankas, a Singapore-based fintech software and services provider, published its first annual ASEAN Bank Stability Report to measure the network uptime performance of ASEAN-region banks, and RCBC finished in the top spot among banks in the Philippines with an uptime of 98.3% (31 hours total downtime) including a stretch of seven months with zero downtime events......»»
‘Philippine banks to ride wave of robust economic growth’
The projected robust economic growth this year could shape up into a better year for Philippine banks, S&P Global Ratings said......»»
Banks expect higher consumer, corporate loan demand in Q1
Despite the higher for longer interest rate scenario, Philippine banks still expect a stronger loan demand from companies and households in the first quarter of the year, according to the Bangko Sentral ng Pilipinas......»»
BSP pursues reforms to modernize banks
The Bangko Sentral ng Pilipinas is pursuing policy reforms to modernize Philippine banks and ensure a sustainable, digital and inclusive banking future......»»
BSP to be more cautious on lowering rates – S& P
The Bangko Sentral ng Pilipinas, along with other emerging market central banks, would be more cautious about cutting borrowing costs this year amid external risks, according to S&P Global Ratings......»»
BSP approves more changes to forex rules
The Bangko Sentral ng Pilipinas has approved more amendments to its regulations to further facilitate the access of authorized agent banks to foreign exchange resources and streamline documentary requirements, procedures as well as reporting......»»
The Importance of Still Keeping Loose Change
In the Philippines, the convenience of digital payments is quickly becoming the norm. There are now fewer lines to the ATMs every payday, people are now using their phones more for payments, and digital banks are becoming more prevalent. Amidst the digital transformation the country is undergoing, we often hear “I don’t have cash” from […].....»»
Antivenom supply: ‘Crucial regional hospitals’ must have them – Tulfo
MANILA, Philippines — Adequate supply of antivenom is a need in “crucial regional hospitals’ of the country. This is according to Senator Raffy Tulfo, who noted that the Philippines is mostly composed of agricultural and rural areas. Tulfo is referring to antivenom for snake bites, particularly Philippine cobras. In his privilege speech delivered on Monday’s.....»»
Tornadoes in Oklahoma kill 4
SULPHUR, Okla. — Tornadoes killed four people in Oklahoma and left thousands without power Sunday after a destructive outbreak of severe weather flattened buildings in the heart of one rural town and injured at least 100 people across the state. More than 20,000 people remained without electricity after tornadoes began late Saturday night. The destruction.....»»
Filipino children get access to potable water thanks to innovative powdered mixture
With an average of 20 typhoons visiting the Philippines each year, rural and urban communities sustain significant damage to their sources of drinking water, including waterways and deep wells......»»
A culinary feast with a noble cause
Marriott Hotel Manila launches the calibrated Marriott Café Famsgiving Thursdays offer with Farmsgiving Market in collaboration with Rural Rising Philippines (RuRi). This features Filipino heirloom recipes of Marriott Manila’s chefs with their families, while supporting the livelihood of farmers under RuRi’s Rescue Buy Program......»»
A culinary feast with a noble cause
Marriott Hotel Manila launches the calibrated Marriott Café Famsgiving Thursdays offer with Farmsgiving Market in collaboration with Rural Rising Philippines (RuRi). This features Filipino heirloom recipes of Marriott Manila’s chefs with their families, while supporting the livelihood of farmers under RuRi’s Rescue Buy Program......»»
Bridging the Gap: Navigating Europe’s Growing Rural-Urban Divide
In an era defined by relentless challenges, the European Union (EU) stands at a critical juncture. Described as a ‘permacrisis,’ this period is marked by.....»»