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PSE EASy platform now accepts online banking for payment of IPO subscriptions
The PSE announced that it added some new features to the PSE EASy platform that allow Local Small Investors (their words, not mine) to buy IPO and follow-on offering shares using an online banking payment system......»»
Annual stockholders meeting of China Banking Corporation slated in April
China Banking Corporation (Chinabank) will conduct its annual stockholders' meeting in a hybrid format, a combination of in-person and remote attendance, on April 18, 2024, Thursday at 4 p.m......»»
China Banking Corporation to hold annual stockholders meeting in April
China Banking Corporation (Chinabank) will conduct its annual stockholders' meeting in a hybrid format, a combination of in-person and remote attendance, on April 18, 2024, Thursday at 4 p.m......»»
BSP explores impact of Gen AI in banking
The Bangko Sentral ng Pilipinas is studying the impact of generative artificial intelligence in the banking industry as it seeks to implement some “guardrails” to mitigate potential risks......»»
Bunye: The current state of Philippine banking
Bunye: The current state of Philippine banking.....»»
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......»»
PEZA, SMBC, RCBC partner to attract Japanese investments
The Philippine Economic Zone Authority has partnered with Sumitomo Mitsui Banking Corp. and Rizal Commercial Banking Corp. in a bid to attract more investments from Japan......»»
RCBC personal loans go digital
Rizal Commercial Banking Corp. has debuted its latest innovation this 2024, integrating personal loans in its all-in-one digital banking app RCBC Pulz......»»
Accenture Philippines Highlights Importance of Mentorship in International Women’s Month celebration
The world celebrates International Women’s Day annually and this year’s theme collectively calls on businesses and society to #InspireInclusion. As a leader and top employer in the information technology and business process management (IT-BPM) industry, Accenture in the Philippines joined the celebration with a Leaders’ Summit that celebrated and empowered women to be without limits […].....»»
IT-BPM firms deemed best places to work in Philippines
Firms engaged in information technology and business process management topped this year’s list of the best places to work in the country......»»
IT-BPM revenue hits $35.5 billions
Revenues of the information technology-business process management industry climbed by more than nine percent to hit $35.5 billion in 2023 from $32.5 billion in 2022......»»
Special Report: Harnessing AI in IT-BPM industry
Artificial intelligence (AI) is becoming a commonly used term in today’s society with its rapidly growing usage......»»
Harnessing AI in IT-BPM industry
Artificial intelligence (AI) is becoming a commonly used term in today’s society with its rapidly growing usage......»»
IT-BPM industry eyes 1.84 million jobs this year
The Information Technology and Business Process Management is targeting to exceed 1.84 million jobs this year......»»
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......»»
Investors pour over $700 million into Philippine digital banks
Global and local investors have poured over $700 million (around P40 billion) into the country’s digital banking sector to support the industry’s growth and potential to reshape the online financial landscape......»»
BSP seen to cut rates by 100 bps this year
The Bangko Sentral ng Pilipinas is seen slashing interest rates by as much as 100 basis points this year as easing inflation could support the growth of the country’s banking sector in the next two years, Fitch Ratings said......»»
Digital banks post significant deposit, loan growth in 2023
The digital banking sector has recorded a significant growth in total deposits and loans in 2023 compared to a year ago, as consumers looked for more accessible and user-friendly financial services......»»
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......»»
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......»»