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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......»»
Pag-IBIG members urged: Avail of housing, savings loans
Pag-IBIG members urged: Avail of housing, savings loans.....»»
Pag-IBIG releases record P126 billion in home loans
The Home Development Mutual Fund, commonly known as Pag-IBIG, has released a record P126 billion in housing loans last year for nearly 97,000 members......»»
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......»»
GSIS earmarks P44 million for emergency loans
State-run pension fund Government Service Insurance System has allocated P44 million in emergency loans to members and pensioners affected by the heavy rainfall in Camarines Norte......»»
ACEN issues corporate guarantee on subsidiary’s loans
ACEN Corp., the listed energy platform of the Ayala Group, has issued corporate guarantee in support of loans amounting to $320 million of subsidiary ACEN Cayman......»»
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......»»
PNB books 10.4% growth in Q1 income
Philippine National Bank of tobacco and airline magnate Lucio Tan booked a 10.4-percent increase in earnings to P5.31 billion in the first quarter from a year-ago level of P4.81 billion, boosted by core business growth and lower credit provisions......»»
After a failed bid for a Federal Philippines, Duterte now wants an independent Mindanao
DAVAO CITY (MindaNews / 31 January) – After a failed bid to change the 1987 Constitution and shift to a Federal Philippines during his six-year Presidency, former President Rodrigo Duterte now wants an independent Mindanao. It will not be a bloody separation from the Philippines and they would go all the way to the United […].....»»
Fourth time s the charm: Mom finally wins Tawag ng Tanghalan after 3 failed attempts
Caloocan’s Rea Gen Villareal was hailed as the "Tawag ng Tanghalan" Season 7 Grand Champion in "Ang Huling Tapatan" last Saturday after four failed attempts in previous seasons. .....»»
Maya loan releases hit P34 billion
Maya Bank has disbursed over P34 billion in loans as of end-March, with 59 percent of its borrowers accessing credit for the first time through the lender......»»
Agriculture loans surge to P3.2 trillion
Loans extended by banks to the agriculture sector significantly rose to P3.2 trillion as of June 2023 from the P848 million agri-agra credit allocated in the same period in 2022, the Bangko Sentral ng Pilipinas said......»»
Maya loans reach P22 billion last year
Digital bank Maya Bank Inc. raised its loan disbursement by sevenfold to P22 billion in 2023, as it reaped the benefits of expanding its credit products for underserved sectors......»»
Navigating Unsecured Debt Relief: A Comprehensive Guide
In the realm of financial management, unsecured debt stands out as a common challenge for many. Unlike secured debts, which are tied to assets like homes or cars, unsecured debts include credit card balances, personal loans, and medical bills. These can accumulate quickly, often overwhelming individuals. This article aims to explore debt relief options specifically […] The post Navigating Unsecured Debt Relief: A Comprehensive Guide appeared first on Kagay An......»»
Chinese economy to moderate in 2024: ADB
Manila [Philippines], April 12 (ANI): The Chinese economy is forecast to grow 4.8 per cent in 2024, amid a recovery of household consumption, ongoing property market adjustment, and weak external demand, according to the latest report published by the Asian Development Bank (ADB). The growth in the Asian economy is projected to moderate from a 5.2 per cent expansion last year. An uncertain external macroeconomic environme.....»»
D& L bonds maintain top credit rating
D&L Industries Inc., the country’s leading specialty food ingredients and oleochemicals producer, has maintained the highest credit rating for its outstanding bonds......»»
EastWest ramping up credit business
Gotianun-led East West Banking Corp. is strengthening its credit business for possible upticks in loan demand later this year, its top officia.....»»
Asialink secures P300 million credit line from Taiwanese bank
Asialink Finance Corp. has secured a P300-million credit line facility from Taiwan’s Cathay United Bank, shoring up resources that small borrowers can tap into for their expansion plans......»»
Why the dollar is still strong
Despite the ongoing wars in Ukraine and Gaza, Fitch’s credit rating downgrade of the US, the lowering of the US credit rating outlook to negative by Moody’s and a growing US debt burden, the US dollar has regained its strength......»»
Why the dollar is still strong
Despite the ongoing wars in Ukraine and Gaza, Fitch’s credit rating downgrade of the US, the lowering of the US credit rating outlook to negative by Moody’s and a growing US debt burden, the US dollar has regained its strength......»»