Philippines
Philippine banks explore blockchain for payment and remittance services
The central bank approved a pilot project creating a real-time remittance corridor.
Philippine banks explore blockchain for payment and remittance services
The central bank approved a pilot project creating a real-time remittance corridor.
Over three fourths of the Philippine population is unbanked
This translates to only 15.8 million Filipinos out of 103.3 million.
RCBC rolls out online FX trading facility
It’s said to be the first such platform in the Philippines.
Taiwan's Chang Hwa Bank opens Manila branch
The branch will be CHB’s 12th overseas foothold.
BPI revenues up 6.7% to $1.33b in Q4
Higher net interest income contributed to strong quarterly earnings.
Philippine banks embrace digitalisation to fuel expansion plans
Lenders are shunning inorganic growth via M&As.
Philippine bank lending surges 19.4% in May
Lending to wholesale and retail trade drove monthly loan growth.
RCBC refuses to settle with Bangladesh over $81m heist in 2016
Hackers channeled stolen funds from Bangladesh Bank’s account at the Fed to RCBC.
RCBC to roll out blockchain remittance service in Japan
The move aims to cater to the overseas Filipino workers in the country.
Bank of Fukuoka taps BDO Unibank as Philippine partner
The partnership aims to serve the needs of Japanese clients seeking business expansion.
E-wallets to snap up 6% of Philippine payments by 2022
However, the country is still miles behind China and India.
Weak payment culture raises credit risk of Philippine banks
The country’s financial resilience is also frail due to low-income levels.
Philippine bank lending surges 20% to $141.95b in April
Loans to wholesale and retail trade rose 22.7% to $19.43b.
Philippine banks link up to pilot blockchain for retail payments
A major lender is connecting with rural banks in the Southern area of the country.
The Philippines cuts bank reserve requirement ratio to 18%
However, the country still has one of the highest RRR levels in Asia.
Philippine bank assets up 11.31% to $300.3b in Q1
Stable savings and demand deposits buoyed healthy capitalisation levels.
Philippine banks profits up 17.8% in Q1
Higher earnings from trading buoyed non interest income to $691.53m.
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Technology to underpin future of financial services
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Banking Technology
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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