Fitch Ratings sees lending growth to remain in the mid- to high-teens this year amid the sustained economic expansion in the Philippines.
Multilateral lender International Monetary Fund (IMF) said the Bangko Sentral ng Pilipinas (BSP) should guard against overheating or excessive credit growth amid the volatile global financial markets.
The government and the private sector are pushing for the creation of a “cybersecurity ecosystem” to effectively combat rising cybercrimes that target banks and other financial institutions.
The Bangko Sentral ng Pilipinas (BSP) said inflation would likely remain elevated at a range of three to 3.8 percent for the month of March due to higher power rates and weaker peso.
State-run Philippine Deposit Insurance Corp. (PDIC) has raised P40.3 million from the sale of assets of closed banks through a public bidding conducted late last month.
The number of banks operating in the Philippines continued to decline last year amid the continued consolidation of banks as well as the closure of 22 problematic players, data from the Bangko Sentral ng Pilipinas (BSP) showed.
The Bangko Sentral ng Pilipinas (BSP) has extended anew the deadline for the exchange or replacement of old peso bills by another three months as 284 million New Design Series (NDS) banknotes worth P19.2 billion have not yet been replaced.
China Banking Corp. is looking at expanding its branch footprint to 700 branches over the next five years as it actively undertakes customer acquisition and retention programs with the goal of becoming the bank of choice for clients.
The Fund Managers Association of the Philippines (FMAP) is supporting the enactment of a law that would eliminate existing differences in regulatory and tax treatment for all investment schemes to ensure uniform levels of protection for investors.
Sun Life Grepa Financial Inc. has teamed up with MyHealth Clinic to provide overseas Filipino workers (OFWs) with a unique package that addresses their needs.
The Bangko Sentral ng Pilipinas (BSP) will soon require banks to draw up a business continuity management plan to allow them to serve customers in times of natural disasters.
For the sixth year in a row, Sun Life of Canada (Philippines) Inc. has successfully dominated the life insurance industry, after attaining the highest total premium income in 2016, according to a report released by the Insurance Commission.
China Banking Corp. booked a double-digit growth of 15 percent last year amid the sustained growth in core businesses across all market segments.