Philippines
Philippine banks’ outstanding loans up 10.7% in August
Loans to residents grew whilst loans to non-residents slowed.
Philippine banks’ outstanding loans up 10.7% in August
Loans to residents grew whilst loans to non-residents slowed.
Lending by PH banks’ foreign currency deposit units declined 2.7% in Q2
Top sectors who took out loans are merchandise and service exporters, and power companies.
Philippine banks anticipate loan growth, steady NPL outlook
Most foreign and large banks anticipate their NPL ratios to be below 5%.
Philippine central bank cuts reserve requirement ratios
For universal and commercial banks, the RRR has been reduced to 7%.
Cash remittances from the US, Saudi Arabia, and the UAE grew.
Cash remittances from the US, Saudi Arabia, and the UAE grew.
GoTyme Bank partners with BSP to enable coin deposits
GoTyme Bank is reportedly the first bank partner to be integrated in the CoDMs.
Philippine central bank welcomes new monetary board member
Querubin was president and CEO of UCPB from 2003-2007.
Maybank kicks off Islamic banking operations in the Philippines
It is the first commercial bank in the country to get an IBU license.
PH banks’ loans up 10.4% in July
Growth of loans to residents slowed over the month.
Why UNOBank champions embedded finance for growth in the Philippines
The unified banking interface is both a growth strategy and a financial inclusion effort for UnoBank.
EastWest Bank reports $62.12m net income for H1
Its deposits and loans expanded by over 10% compared to H1 2023.
Cambodia, Philippines ink MOU for closer financial cooperation
Representatives participated in a bilateral meeting to discuss macroeconomic and financial developments.
Higher loans carry RCBC’s net income to $79.87m in H1
Net interest margin rose 41 basis points to 3.71%.
Metrobank nabs ex-Citi banker as deputy head of HR
Angeles has worked for Citi, BDO, and HSBC.
PH central bank pushes for digital wage payments
PH central bank pushes for digital wage payments
PH central bank issues framework for digital payment system operators
Payment system operators are required to obtain a license from the BSP.
Philippine central bank to grant up to 4 new digital bank licenses
The moratorium for new licenses will be lifted on 1 January 2025.
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Banks should boost their online infrastructure as digital assets become the norm.
Banks should boost their online infrastructure as digital assets become the norm.
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