AppendPay signs MOA with CARD Banking Group as settlement bank
As part of its mission to provide financial inclusivity for all, CARD Banking Group signed a memorandum of agreement (MOA) with AppendPay through a virtual signing ceremony on March 8, 2021......»»
BPI to sell its entire 15% GoTyme Bank stake back to the Gokongweis
Zobel Family banking unit BPI disclosed that its board of directors has approved the sale of BPI’s stake in GoTyme Bank to a subsidiary of JG Summit and a company called Giga Investment Holdings Pte. Ltd. at a price of P1.20/share......»»
CARD Bank marks 26th year as financial inclusion champion to Filipino communities
CARD Bank, Inc. celebrated its 26th founding anniversary and savings month with the theme “Conquering a new frontier towards more inclusive financial services” on September 1, 2023......»»
CARD RBI offers solar loans to combat rising power costs
For the bank, this solar loan program further defines their commitment to creating a brighter, sustainable future for everyone......»»
EastWest Bank profit hits P6.1 billion
Gotianun-led EastWest Banking Corp. saw its net income jump by 32 percent to P6.1 billion in 2023 from P4.6 billion in 2022 on the back of double-digit growth in loan portfolio and stable funding sources......»»
China Bank nets record P22 billion
Higher core business revenues boosted the net income of Sy-led China Banking Corp. by 15 percent to hit an all-time high of P22 billion in 2023......»»
Banking 101: Unmasking Financial Lingo
Hey friends, ever get stuck in a conversation where financial terms sound like a different language? Don’t worry, we’ve got your back! Let’s break down some everyday bank talk in a way that won’t leave you scratching your head. Interest Rates First off, “Interest Rates” – it’s the cost of borrowing money or the high-five […].....»»
Riding the Wave
Unbound from desk work, I finally attended an afternoon press event for the unveiling of Security Bank’s newest credit card offering at The Island at the Palace in Bonifacio Global City in Taguig last week and followed the invitation instructions to come in resort wear, or at least in what in my book is equivalent to resort wear......»»
Maya is '1 Digital Bank in PH
Maya now stands as the #1 Digital Bank in the Philippines, revolutionizing the industry with its unified payments and banking services on one digital platform. In 2023, Maya saw a remarkable increase in users, with 3 million depositors, more than double the previous year, and a deposit balance reaching PHP25 billion, a 69% increase from […].....»»
Bankers celebrate anew at BSP’s Fort San Antonio Abad
Former Bangko Sentral ng Pilipinas governors and officials, Monetary Board members, Finance secretaries, members of the diplomatic community and who’s who in the Philippine banking community trooped to the central bank headquarters in Manila last Friday......»»
UnionBank profit down 28 percent to P9.2 billion in 2023
The earnings of Union Bank of the Philippines dropped by 27.8 percent to P9.2 billion in 2023 from P12.74 billion in 2022, as the listed bank booked higher provisioning and integration costs from the takeover of the retail banking business of global banking giant Citi in the Philippines......»»
Double-digit growth in bank lending seen this year
The Philippine banking sector is expected to book double-digit growth in loan disbursements this year on the back of robust economic growth, according to BMI Country Risk & Industry Research......»»
Beyond Banking: CitySavings’ Pledge to Coastal Conservation and Green Growth
City Savings Bank (CitySavings), the thrift arm of Union Bank of the Philippines (UnionBank), integrates a sustainability-driven approach in its Corporate Social Responsibility (CSR) initiatives by spearheading a number of programs to close out the year. These include Coastal Clean-up drives as well as Mangrove and Tree Planting activities focused on the conservation of coastal […].....»»
CitySavings Brings Banking Services Closer Through Bank-on-Wheels
Advocating for financial inclusion, City Savings Bank (CitySavings), the thrift bank subsidiary of Aboitiz-led Union Bank of the Philippines (UnionBank), debuts its groundbreaking Bank-on-Wheels (BOW) mobile kiosk. The BOW services underserved regions in the Visayas and Mindanao and designated areas in Metro Manila. The Bank-on-Wheels mobile kiosk in collaboration with UnionBank, features services such as […].....»»
China Bank beefs up remittance business
China Banking Corp. is further beefing up its global remittance business through a partnership with a leading financial technology service business in Thailand......»»
Bank of Commerce taps Infosys for digital solutions
Bank of Commerce has tapped global banking technology leader Infosys Finacle to help accelerate its digital transformation and redefine banking experience for customers......»»
Philippines spearheads digital banking raevolution in SEA says Maya
Maya – awarded as the Best Digital Bank in Southeast Asia by the World Digital Bank Awards and recognized by Forbes Magazine as among the World’s Best Banks – stands out as a trailblazer in the region......»»
UnionBank investing P1.8 billion in digital banking arm
Union Bank of the Philippines is infusing an additional P1.8-billion capital to support the ongoing business operations and sustain the expansion of UnionDigital Bank Inc......»»
Security Bank leverages AI to boost loans
Security Bank Corp. is leveraging artificial intelligence to boost home loans and credit card approvals......»»
UnionBank unveils 2 new wealth programs
Union Bank of the Philippines has unveiled two new wealth programs following the P72-billion buy out of the retail banking business of global banking giant Citi......»»
UnionDigital Bank eyes high-frequency lending
The digital banking arm of Aboitiz-led Union Bank of the Philippines is moving toward high-frequency lending with shorter payment periods to boost its loan portfolio and include more Filipinos in the banking ecosystem......»»