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‘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......»»
‘Another one’ & another & another...
After sending out my column “Presumed Guilty Until You Settle,” our Opinion section editor Doreen Yu sent a message and titled it “another one.”.....»»
More banks keen on green financing – BSP
More banks in the Philippines have expressed interest to finance green and sustainable projects in the country amid the need to fund efforts that would mitigate impacts of climate change......»»
Fitch keeps credit rating of 5 Philippine banks
Fitch Ratings has affirmed the credit rating of five of the country’s biggest banks and kept its stable outlook, on the back of a likely robust economic growth over the next two years......»»
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......»»
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......»»
More groups to establish Islamic banks in Philippines
More groups are looking at establishing Islamic banks in the Philippines as the first branch of the new banking classification is expected to open soon, 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......»»
Pia Wurtzbach to auction memorabilia for 10th anniversary as Miss Universe
It has been almost 10 years since Pia Wurtzbach ended the Philippines’ 42-year drought for a Miss Universe crown, but no matter how big an achievement it was, Pia did not want to be remembered only as Miss Universe 2015......»»
Harrison Ford s Star Wars script fetches £10,795 at UK sale
An original draft "Star Wars" script left in a London apartment by "Han Solo" actor Harrison Ford sold at a UK auction for £10,795 ($13,600) on Saturday......»»
IOB to sell 92 NPA accounts having Rs 13,472 cr loan outstanding
Indian Overseas Bank to e-auction 92 non-performing loans worth Rs 13,471.68 crore. Loans include consortium arrangements, NCLT cases, sole banking ventures. Gross NPA reduced to 3.90% by December 31, 2023......»»
Indian Overseas Bank adopts multi-pronged approach to ensure recovery from NPA accounts
Indian Overseas Bank successfully reduces Gross NPA to 3.90%. Sale announced for 92 NPA loans totaling Rs 13,471.68 crore. Recovery strategies include Securitisation, Compromise Settlement, Asset Reconstruction, with e-auction on May 28, details on www.iob.in......»»
Investors swarm T-bond auction
Investors swarmed the latest offering of long-term securities, resulting in slightly lower rates and allowing the government to raise P30 billion......»»
200 artists, 9 galleries to mount experiential ALT Philippines 2024
Five critically acclaimed artists, live performances, a silent auction and daily tours with an art curator are some of the highlights at this year's ALT Philippines. .....»»
Malixi down by 1 in another Melbourne tiff
Rianne Malixi closed out with a bogey on No. 18 for a three-under 70 as she dropped to joint second with three others, one shot behind Japanese Aina Fujimoto at the start of the Australian Amateur in Melbourne, Victoria yesterday......»»
SALN filing deadline set on April 30
Government officials and employees must file their 2023 Statement of Assets, Liabilities and Net Worth on or before April 30, according to the Civil Service Commission......»»
New rules set after EDSA-Kamuning flyover closure snarls traffic
The Metropolitan Manila Development Authority imposed new measures yesterday after officials observed congestion along the service road below the closed EDSA-.....»»