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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......»»

Category: financeSource:  philstarRelated NewsApr 6th, 2024

Government raises P330 million from asset disposals in 2023

The Philippine Deposit Insurance Corp. raised some P330 million from disposing assets of padlocked banks last year......»»

Category: financeSource:  philstarRelated NewsApr 2nd, 2024

RCBC income hits all-time high in 2023

Rizal Commercial Banking Corp. grew its net income by 15 percent to hit a record P12.22 billion in 2023, fueled by faster-than-industry loan and deposit growth......»»

Category: financeSource:  philstarRelated NewsFeb 27th, 2024

BSP collects P510 million via coin deposit machines

The Bangko Sentral ng Pilipinas has collected over half a billion pesos worth of coins as part of efforts to bring them back to circulation and address the shortage due to improper storage or disposal......»»

Category: financeSource:  philstarRelated NewsFeb 24th, 2024

Philippine central bank keeps interest rates unchanged

MANILA, Feb. 15 (Xinhua) -- The Philippine central bank opted Thursday to keep the bank's target reverse repurchase rate unchanged at 6.5 percent, and thus the interest rates on the overnight deposit and lending facilities were kept at 6 percent and 7 percent, respectively. In a statement, the Bangko Sentral ng Pilipinas (BSP) said the Monetary Board noted that the inflation outlook "was broadly unchanged.".....»»

Category: newsSource:  inquirerRelated NewsFeb 16th, 2024

Philippine central bank keeps interest rates unchanged

MANILA, Feb. 15 (Xinhua) -- The Philippine central bank opted Thursday to keep the bank's target reverse repurchase rate unchanged at 6.5 percent, and thus the interest rates on the overnight deposit and lending facilities were kept at 6 percent and 7 percent, respectively. In a statement, the Bangko Sentral ng Pilipinas (BSP) said the Monetary Board noted that the inflation outlook "was broadly unchanged.".....»»

Category: newsSource:  inquirerRelated NewsFeb 15th, 2024

Maya is '1 Digital Bank in PH

Maya now stands as the #1 Digital Bank in the Philippines, revolutionizing the industry with its unified payments and banking services on one digital platform. In 2023, Maya saw a remarkable increase in users, with 3 million depositors, more than double the previous year, and a deposit balance reaching PHP25 billion, a 69% increase from […].....»»

Category: newsSource:  metrocebuRelated NewsFeb 10th, 2024

P115 million worth of properties up for auction

State-run Philippine Deposit Insurance Corp. is set to dispose P115.1 million worth of various properties of padlocked banks......»»

Category: financeSource:  philstarRelated NewsFeb 3rd, 2024

Explained: PDIC and How It Works

At some point, I’m sure you’ve seen the acronym “PDIC” and “PHP500,000” together somewhere, especially if you’re constantly in digital banking apps or physical branches up and about. In the world of finance, understanding mechanisms that safeguard your hard-earned money is of utmost importance. One key player in this domain is the Philippine Deposit Insurance […].....»»

Category: newsSource:  metrocebuRelated NewsJan 29th, 2024

Analysts mixed on timing of BSP rate cut

Local and foreign analysts are divided on whether the Bangko Sentral ng Pilipinas (BSP) has room to cut ahead of the US Federal Reserve, as doing so may put pressure on the peso......»»

Category: financeSource:  philstarRelated News3 hr. 25 min. ago

Mixed movements in oil prices seen next week

Pump prices of fuel products may see mixed movements next week, with gasoline continuing its downward trend and an uptick in diesel and kerosene prices following a recent rally in global oil prices......»»

Category: newsSource:  philstarRelated NewsMay 17th, 2024

Gasoline prices to drop for third consecutive week

Oil firms might implement mixed adjustments in pump prices during the third week of May following the two-consecutive weeks of oil price rollback......»»

Category: newsSource:  philstarRelated NewsMay 17th, 2024

Sebastian, Lavalle padel champions

Nadine Sebastian and Jaric Lavalle topped the mixed beginners category while Dale Montealto and Hamda Buamin ruled the intermediate division of the Padel Pilipinas Philippine Open’s culminating tournament recently in Mandaluyong......»»

Category: sportsSource:  philstarRelated NewsMay 10th, 2024

Mixed adjustments in oil prices today

Local oil firms made mixed adjustments in petroleum prices today, with the prices of diesel and kerosene rolled back while that of gasoline increased.?.....»»

Category: newsSource:  philstarRelated NewsApr 22nd, 2024

Folayang gives Zamboanga tips for upcoming ONE title fight vs Stamp

Filipino mixed martial arts legend Eduard Folayang stressed that Denice Zamboanga should work on her wrestling and grappling skills ahead of her fight against Stamp Fairtex......»»

Category: newsSource:  philstarRelated NewsApr 21st, 2024

Ranido earns 4th place finish in 18th DATBI invitational kegfest

CEBU CITY, Philippines — Nestor Ranido of the Sugbuanon Bowlers United (SUGBU) had a decent fourth place finish in the mixed senior masters division of the 18th Dagupan Association of Tenpin Bowlers, Inc. (DATBI) Invitational Open Championships held at the CSI The City Mall in Dagupan City, northern Luzon on Friday, April 19. Ranido capped.....»»

Category: newsSource:  inquirerRelated NewsApr 20th, 2024

Brenda Mage ipinangalan sa mga dating dyowa ang pet dogs: Meet my exes!

SINO sa inyo ang hirap na hirap magbigay ng pangalan tuwing magkakaroon ng bagong fur babies? Good vibes ang hatid ng latest YouTube vlog ng komedyante na si Brenda Mage na ipinangalan sa kanyang mga dating dyowa ang bagong puppies matapos manganak ang pet dog niyang mixed breed. “I would like you to meet my.....»»

Category: newsSource:  inquirerRelated NewsApr 18th, 2024

Striegl eyes payback vs Alitao in Kombat Sports Kalayaan MMA festival

Filipino mixed martial arts star Mark Striegl will be gunning for revenge against Brazilian jiu-jitsu fighter Paige Alitao, who defeated teammate Troy Legaspi last year......»»

Category: sportsSource:  philstarRelated NewsApr 11th, 2024

Prochazka takes on Rakic in UFC 300

Czech mixed martial arts fighter Jiri Prochazka knows his place......»»

Category: newsSource:  philstarRelated NewsApr 11th, 2024

Zamboanga goes full blast in training for ONE title clash vs Stamp

Ahead of the biggest fight of her career, Filipina mixed martial artist Denice Zamboanga has ramped up training, working with two important people in her life......»»

Category: newsSource:  philstarRelated NewsApr 10th, 2024