Philippines

New clients can open an account within five minutes with just one valid ID.

The country’s growing population will push the active user base higher.

BDO will provide banking support services to HBL customers in the Philippines.

The company is also looking forward to a Series A funding round in the second half of 2023.

The merger of the two banks would make it the largest Philippine bank in terms of assets.

GCash users can open a savings or time deposit account with no minimum balance needed.

Loan growth is expected to fall by 9% year-on-year.

The beta launch will be available for 1,000 users in Japan, Australia, and Italy.

The Philippines’ e-commerce market grew by 31.3% in 2022

Revenue was bolstered by growth in its net interest income.

BPI Rise Bonds have an interest rate of 5.75% per annum.

Revenue hit a record high, whilst consumer loans rose after acquiring Citi’s assets.

Over 2.3 million users actively used a digital lending platform at least once a month.

Robinsons Retail will purchase 4.4% interest in the Bank of the Philippine Islands.

ASA Philippines Foundation supports 2 million women across the country.

BDO Capital & Investment Corporation (BDO Capital) has been recognized as the country’s Corporate and Investment Bank of the year for the 5th straight year at the Asian Banking & Finance Awards. BDO Capital’s remarkable achievement is a testament to its consistent excellence in delivering best-in-class investment banking services across various product lines in the Philippine capital markets.