Philippines
UnionBank in talks to take over Citi’s consumer banking assets in the Philippines
Discussions between the two banks are at the preliminary stage.
UnionBank in talks to take over Citi’s consumer banking assets in the Philippines
Discussions between the two banks are at the preliminary stage.
Philippine financial regulator mulls offline digital payment solutions
The move is part of the BSP’s Digital Payments Transformation Roadmap.
ADB boosts 2019-2030 climate financing goals to $100b
The bank expects its own climate financing in 2019-2021 to reach $17b.
Philippine-based Cantilan Bank, AFIN launch digital banking service
They aim to deliver cashless financial services to the Philippines’ rural unbanked.
CIMB Bank PH's gross transaction value triples in nine months
The bank now has nearly 5 million customers in total, and almost 1 million lending customers.
Only six new digital banks in the Philippines for now: BSP head
All nine additional applicants failed to submit documents.
Philippines’ BSP holds interest rates at bay
The central bank, however, warns of upcoming inflation.
Cebuana Lhuillier Bank gets Rural/Cooperative Bank of the Year nod at 2021 Asian Banking & Finance Retail Banking Awards
The bank’s commitment to providing financial inclusion through innovative service is considered a game-changer in the Philippines
CIMB Philippines launch revolving credit product REVI Credit
It can grant as high as a $5,000 credit line to customers.
Philippine lender SB Finance teams up with FinScore to enhance credit scoring power
SB Finance said it will use FinScore’s solution to predict the creditworthiness of borrowers.
Philippine bank ratings at risk of another downgrade: Fitch Ratings
Fitch ratings downgrades the Philippines’ banking system operating environment score to negative.
Security Bank posts net profit of $61.35m in H1
Net interest income and non-interest income both fell compared to H1 2020.
Bank of the Philippine Islands to cease coal financing by 2033
BPI aims to stop lending 45% of coal-fired powered projects.
UnionBank clinches Philippines’ 4th digital bank license
UnionDigital will be a wholly-owned subsidiary of the Philippine lender.
'Buy now, pay later' speaks to convenience as more Filipinos remain unbanked
Bypassing credit cards, the payment instalment options prove to be attractive.
Fintechs could overtake Philippine banks in retail segment: Moody’s
Banks' slow development of digital financial services may just give fintechs an edge.
Chart of the Week: Philippine card payments market value to grow to $43.4b in 2021
Debit cards dominate in the Philippines with 90.6 million in circulation.
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Technology to underpin future of financial services
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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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