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Bank loans used as RRR compliance hit P6.4 billion
Mid-sized and small banks have extended around P6.4 billion loans to micro, small and medium enterprises (MSMEs) as well as large companies, and booked these loans in compliance with their reserve requirement ratios, according to the Bangko Sentral ng Pilipinas......»»
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......»»
Public sector banks doing better in managing NPAs vis-a-vis their private counterparts: FICCI-IBA survey
New Delhi [India], March 21 (ANI): Public sector banks in India are doing better in comparison to their private sector counterparts in terms of non-performing assets, a survey conducted by industry body FICCI and banking association Indian Banks' Association (IBA) found. A nonperforming asset refers to loans or advances that are on the brink of default. According to the survey, a large majority (77 per cent) of the respon.....»»
Banks ease exposure in real estate in 2023
The exposure of Philippine banks and trust entities to the volatile property segment eased slightly to 20.17 percent of total loans in end-December 2023 from 20.55 percent in end-September last year, data from the Bangko Sentral ng Pilipinas showed......»»
Power, real estate fuel FPH earnings in 2023
Strong contributions from power generation and real estate segments fueled a nearly 20-percent jump in the earnings of First Philippine Holdings Corp. in 2023......»»
CLI: 2024 ‘great year’ for real estate, economy
CLI: 2024 ‘great year’ for real estate, economy.....»»
Mandani Bay launches second phase of new real estate venture, Mandani Bay Quay
Mandani Bay launches second phase of new real estate venture, Mandani Bay Quay.....»»
Cebu-Based Filipino Homes Launches Global Partners Facility Against Scammers in Real Estate
Cebu-based Filipino Homes intensified its campaign against scammers in buying real estate properties with the launching of their “Global Partners” facility in Dubai, United Arab Emirates (UAE). The facility will help in particular Overseas Filipino Workers (OFWs) or Filipinos living abroad access to right information pertaining to property investments in the Philippines and other related […].....»»
Rio Locsin feel ni Baby Go na gumanap sa kanyang life story
RATED Rni Rommel Gonzales ISASAPELIKULA ang kuwento ng tunay na buhay ng lady producer na si Baby Go ng BG Productions International. Kuwento ni Baby, “Nagsimula po ako sa real estate bago ako pumasok sa showbiz. Nag-produce ako sa sarili kong pera, wala akong naging partner at iyong aking pagpo-produce galing po sa pinaghirapan ko sa real estate, ….....»»
Medical School Loans: A Comprehensive Guide
Embarking on a journey through medical school is a significant undertaking, and for many aspiring physicians, navigating the financial aspects can be a daunting task. Securing appropriate funding through medical school loans is a crucial step in this process. This comprehensive guide aims to provide valuable insights into how to find the best medical school […] The post Medical School Loans: A Comprehensive Guide appeared first on Kagay An......»»
Banks’ bad loans ratio highest in 8 months
The share of bad loans to the banking sector’s total loan book went up to an eight-month high in January, snapping two straight months of decline, as borrowers felt the pinch of elevated interest rates......»»
ADB approves 655,000 USD to help Philippine rural banks digitization
MANILA, Feb. 19 (Xinhua) -- The Asian Development Bank (ADB) on Monday said it will provide grants totaling 655,000 U.S. dollars for the digitization of nine rural banks and a bank consortium in the Philippines. The grants are part of ADB's Fintech for Inclusion Transformation (FIT) program. The grant awardees were chosen from among rural banks nationwide serving women, farmers, fisherfolk, and micro, sma.....»»
ADB approves 655,000 USD to help Philippine rural banks digitization
MANILA, Feb. 19 (Xinhua) -- The Asian Development Bank (ADB) on Monday said it will provide grants totaling 655,000 U.S. dollars for the digitization of nine rural banks and a bank consortium in the Philippines. The grants are part of ADB's Fintech for Inclusion Transformation (FIT) program. The grant awardees were chosen from among rural banks nationwide serving women, farmers, fisherfolk, and micro, sma.....»»
Megaworld raises P500 million from sale of MREIT shares
Real estate giant Megaworld Corp. is poised to ramp up its development pipeline with the P500 million proceeds from the sale of its shares in real estate investment trust company MREIT Inc......»»
BSP onboards 1st nonbank electronic money issuer
The Bangko Sentral ng Pilipinas (BSP) achieved a significant milestone by welcoming OmniPay, Inc. as the first nonbank electronic money issuer (EMI) participant in its Real Time Gross Settlement (RTGS) payment system, PhilPaSSplus. This move aligns with the National Payment Systems Act and signifies a more inclusive national payment system, allowing nonbank financial institutions to conduct efficient and low-risk funds transfers directly through the central bank. Assistant Governor Mary Anne P. Lim emphasized the BSP's commitment to safeguarding the entire Peso RTGS payment system amidst global trends of diversified participation. With 236 institutions, including various banks and nonbank entities, utilizing PhilPaSSplus for large value transactions and retail payment clearing, the BSP's initiative reflects a broader trend of central banks facilitating direct access for nonbank entities to settlement services. This development comes as international standard-setting bodies work on access guidelines to manage risks in evolving payment systems with new players and financial technologies......»»
Nasugbu goes after RCI’s unpaid real estate taxes
The municipality of Nasugbu, Batangas is seeking to collect from Roxas and Co. Inc. unpaid real property taxes......»»
Tallest Megaworld hotel to rise in Pasig
Real estate giant Megaworld is building the tallest hotel development in its portfolio - a 31-story structure inside the company’s 12.3-hectare ArcoVia City township along C5-Road in Pasig City......»»
Real property and business owners may pay their dues while malling
MANILA Mayor Honey Lacuna said that the payment of real property and business permits can now be done on the side, while malling. The lady mayor said that owners of businesses and real properties in the city have the option of settling their dues in a shopping mall, apart from doing it online or within […].....»»
Pag-IBIG releases P28 billion in home loans
The Home Development Mutual Fund, commonly known as Pag-IBIG, released a record P28 billion in housing loans in the first quarter for nearly 20,000 members......»»
Agriculture loans hit P213 billion in 2022
The share of agriculture loans and services granted by the banking sector picked up to 18.1 percent in 2022 from 17.6 percent in 2021 as the agriculture industry slowly recovered from the COVID pandemic......»»