Business Features - Banking ( Leaderboard Top ), pagematch: 1, sectionmatch:

Top Banking News

BancNet has equipped its online banking portal with a stricter accountholder verification system for more secure transactions on the internet.

Manulife Philippines has tied up with Hands On Manila (HOM) for a series of financial literacy classes for public school students.

The Bangko Sentral ng Pilipinas (BSP) said Philippine banks are among the healthiest in the region as the banking systems of the Association of Southeast Asian Nations (ASEAN) continue to integrate.

Latest Banking News

Philippine banks could soon do away with the capital-intensive brick-and-mortar branches as the Bangko Sentral ng Pilipinas is set to adopt the “branch-lite” concept as part of efforts to promote financial inclusion.

The Bangko Sentral ng Pilipinas (BSP) is supporting the opening of the country’s telecommunications sector as technological developments have significantly changed the business of banking and finance.

More virtual currency exchange operators are trooping to the Bangko Sentral ng Pilipinas (BSP) to file their applications amid the ongoing efforts to regulate the fast growing but potentially risky industry.

State-run Land Bank of the Philippines reported a 2.2 percent rise in net income to P9.3 billion in the first eight months from a year-ago level of P9.1 billion on the back of its growing loan and investment portfolio.

Pru Life Insurance Corp. of UK unveiled a new fund that allows policyholders invest in both bonds and equities of developed and emerging markets in the Asia-Pacific region.

Banks have established a payments management body in support of the efforts of the Bangko Sentral ng Pilipinas for a more accessible and competitive financial system through the National Retail Payment System.

Philippine banks continued to fall short of the mandated threshold for agriculture and agrarian reform as well as micro, small and medium enterprises (MSME) loans in the first half of the year, data from the Bangko Sentral ng Pilipinas (BSP) showed.

BDO Unibank Inc. maintained its dominance in the banking industry in terms of total assets, capital, deposits, and loans in the first half of the year, data from the Bangko Sentral ng Pilipinas showed.

The Bangko Sentral ng Pilipinas is finalizing an ambitious foreign exchange reform package as part of its holistic financial sector reform agenda.

Aboitiz-led Union Bank of the Philippines is beefing up its capital base and working capital as it plans to tap the debt market to raise at least P70 billion.