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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......»»
Globe reports steep 73.7% decline in blocked bank-related spam, scam SMS in 2023
The telecommunications company Globe has reported a significant 73.7% decrease in the number of blocked spam and scam SMS related to banks in 2023. This reduction is a result of the interception of 21.9 million bank-related fraudulent messages, a sharp decline from the 83.39 million messages blocked the previous year. Globe attributes this achievement to its proactive strategies and strong partnerships with major banks and financial institutions in the Philippines. The company has established anti-fraud alliances with the Bankers Association of the Philippines and individual players in the finance sector, enabling the sharing of data and intelligence to prevent and investigate fraud effectively. Anton Bonifacio, Chief Information Security Officer at Globe, emphasized the company's commitment to combating financial fraud and enhancing security measures for customer protection. Globe has invested approximately US$20 million to improve its spam and scam SMS detection and blocking system and operates a 24/7 Security Operations Center to filter out unwanted messages from both international and domestic sources. Despite certain limitations, Globe remains dedicated to customer protection and emphasizes the need for a unified approach in the fight against fraud. The company is focused on leveraging technology and strengthening alliances with key stakeholders to combat fraudulent activities. As Globe continues to advance its technologies and collaborations, it aims to provide a safer and more secure digital environment for its customers. For more information about Globe and its initiatives, visit www.globe.com.ph. (SPONSORED CONTENT).....»»
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......»»
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......»»
US threatens Turkish businesses over Russia trade
American officials have reportedly visited Trkiye to persuade banks and companies to cut ties with the sanctioned country Turkish businesses are at risk of being banned from carrying out currency operations if they continue to trade with Russia, RIA Novosti reported on Wednesday, citing the news outlet Aydinlik. .....»»
War games risk stirring up troubled waters as Philippines - emboldened by US - squares up to Beijing at sea
War games risk stirring up troubled waters as Philippines - emboldened by US - squares up to Beijing at sea.....»»
‘No security risk with ex-MILF, MNLF men joining PNP’
There is no security risk with the entry of former fighters of the Moro Islamic Liberation Front and Moro National Liberation Front in the Philippine National Police......»»
Best-served vegetables and fruits to reduce the risk of hypertension
Hypertension, commonly known as high blood pressure, is a health issue most people experience given the constant rise in today’s temperature. Since the raging heat is not calming anytime soon, it is best that healthy alternatives, such as consuming vegetables and fruits with natural nutrients that can aid in reducing the risk of hypertension, be.....»»
Why would a loving God ask His beloved children to risk being hurt for the sake of loving others like Jesus did?
Why would a loving God ask His beloved children to risk being hurt for the sake of loving others like Jesus did?.....»»
Healthcare Heroes Celebrated as Philippines Commemorates Day of Valor
Healthcare workers, who bravely put themselves at risk to protect our communities, deserve to be safeguarded. This was BAN Toxics' message as the country celebrates the Day of Valor."As we continue to navigate the post-COVID-19 landscape, let us not forget the sacrifices of our healthcare workers who were at the frontlines of the past global pandemic. They remain our heroes who risk their lives to provide us wit.....»»
The world s population might be at risk
The world s population might be at risk.....»»
The world s population might be at risk
The world s population might be at risk.....»»
The world s population might be at risk
The world s population might be at risk.....»»
The world s population might be at risk
The world s population might be at risk.....»»