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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......»»
Making money
The best business in the Philippines today is banking......»»
Quick rollout of PPPs to boost economic growth
The rollout of more infrastructure projects that involve the private sector is expected to prop up economic growth with the government likely to make up for its lagged spending last year, according to banking giant UBS......»»
SM Investments FY23 net income up 25% to P77-B
SM Investments teased its FY23 results with a headline 25% improvement in its net income to P77.0 billion, backed by an 11% increase in consolidated revenues and strong performances across its portfolio, particularly in the banking and property development segments......»»
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......»»
RCBC income hits all-time high in 2023
Rizal Commercial Banking Corp. grew its net income by 15 percent to hit a record P12.22 billion in 2023, fueled by faster-than-industry loan and deposit growth......»»
Gilas Pilipinas aces 1st test of 4-year quest with 30-point rout of Hong Kong
Banking on a big third quarter, Gilas Pilipinas pulls away from Hong Kong for a rousing start in the FIBA Asia Cup Qualifiers.....»»
Gradual BSP rate cuts likely by Q3
The Bangko Sentral ng Pilipinas is expected to make gradual interest rate cuts starting in the third quarter of the year, according to global banking giant Citi......»»
EDITORIAL - Compromised data
The Department of Education is verifying reports that its information system has been breached, with a hacker claiming to have harvested 750 gigabytes so far of DepEd data including banking details and information on students and teachers. Meanwhile, the Philippine Coast Guard took down yesterday its account on X, formerly Twitter, after its tweets were wiped out......»»
DepEd checking data breach after hacking
The Department of Education is examining its systems for possible data breaches after reports of hackers allegedly harvesting 750 gigabytes of data containing sensitive information on banking details, students, teachers and more......»»
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 […].....»»
Heart at center of Capital1 s arsenal for PVL campaign, says Gorayeb
He may not have the luxury of a long and careful preparation, but Roger Gorayeb is banking heavily on his players’ big fighting heart in their bid to pull off some surprises in the PVL All-Filipino Conference......»»
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 […].....»»
Millennials, Gen Zs seen to lift travel demand
Low-cost carrier AirAsia Philippines is banking on the youth to carry the travel demand this year, as they tend to involve their loved ones in their plans, increasing spending on trips......»»
Finally, a complete 7-member Monetary Board
Last Friday, Jan. 26, marked a turning point for Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona, with him finally comfortably hosting this year’s annual reception for the banking community outdoors at the BSP compound’s historic Fort San Antonio Abad on a cool early evening, with a relaxed business casual suit but no tie dress code, and finally with a complete seven-member Monetary Board......»»
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......»»
Explained: PDIC and How It Works
At some point, I’m sure you’ve seen the acronym “PDIC” and “PHP500,000” together somewhere, especially if you’re constantly in digital banking apps or physical branches up and about. In the world of finance, understanding mechanisms that safeguard your hard-earned money is of utmost importance. One key player in this domain is the Philippine Deposit Insurance […].....»»
RCBC head named among ‘People of the Year 2024’
Rizal Commercial Banking Corp. president and CEO Eugene Acevedo made it to the ‘People of the Year 2024’ by renowned publication People Asia, making him the only Philippine banker in the list......»»
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......»»