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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......»»
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......»»
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......»»
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......»»
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.".....»»
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.".....»»
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 […].....»»
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......»»
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 […].....»»
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......»»
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......»»
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......»»
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......»»
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.?.....»»
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......»»
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.....»»
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.....»»
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......»»
Prochazka takes on Rakic in UFC 300
Czech mixed martial arts fighter Jiri Prochazka knows his place......»»
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......»»