We are sorry, the requested page does not exist
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......»»
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......»»
Mandaue’s CAO eyes purchase of shade nets for urban gardeners
MANDAUE CITY, Cebu – The Mandaue City Agriculture Office (CAO) is thinking of ways to help urban gardeners here protect their plants from the excessive heat. One remedy that office in-charge Sharon Mangadlao has thought of was the purchase of shade nets, which is a lightweight knitted polyethylene fabric that can protect plants and people.....»»
Employers in BARMM compelled to protect workers from El Niño
The Bangsamoro labor ministry has ordered owners of private establishments in the autonomous region to protect workers from extreme heat at daytime caused by the El Niño phenomenon via essential mitigation measures......»»
Whole-of-government approach to protect Mt. Apo from destructive fires
COLLABORATIVE efforts from local government units, national government agencies, communities, and other stakeholders are put in place to protect Mt. Apo against fire amid El Niño......»»
VP Sara: Protect kids vs NPA recruitment
VICE President and Education Secretary Sara Duterte is asking for help to protect the school children so they would not be easily recruited by the New People's Army (NPA)......»»
Hiling ng netizens para kay Vico: Please, protect our future President!
“PLEASE protect out future President.” Ito ang nabasa naming komento mula sa netizen na ang tinutukoy ay si Pasig City Mayor Vico Sotto. Kaliwa’t kanan ang papuri sa youngest mayor ng Metro Manila dahil tinupad niya ang pangakong ipasasara o paaalisin sa nasasakupan niyang lungsod ang mga pasugalan. Nag-post si Mayor Vico sa kanyang Facebook.....»»
I.Protect: ‘GPT’ trademark
I.Protect: ‘GPT’ trademark.....»»
DICT training workers to protect cyberspace
The Department of Information and Communications Technology will be conducting a nationwide upskilling to protect cyberspace nationwide, DICT Secretary Ivan John Uy said Thursday......»»
Proposed US Law Would Protect Human Rights Defenders
Proposed US Law Would Protect Human Rights Defenders.....»»
Rama to local leaders: Unite, protect Cebu’s interests
Rama to local leaders: Unite, protect Cebu’s interests.....»»