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Top Banking News

The Bangko Sentral ng Pilipinas (BSP) sees credit and liquidity in the Philippines remaining buoyant with a double-digit growth this year amid the volatile global financial market.

Dutch banking giant ING Bank has named former Philippine Stock Exchange president and CEO Hans Sicat as its new country manager.

Family-owned BDO Unibank Inc., Metropolitan Bank & Trust Co. and Bank of the Philippine Islands continued to dominate the banking industry in terms of assets, capital, deposits and loans in the first quarter of the year.

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Banks are ramping up the distribution of debit and credit cards equipped with the Europay, Mastercard and Visa chip to meet the one-year deadline set by the Bangko Sentral ng Pilipinas.

An emotional Nestor Espenilla Jr. took the helm of the Bangko Sentral ng Pilipinas yesterday as former governor Amando Tetangco Jr. bid bank presidents, other central bank officials and employees: “till we meet again.”

Bank of Commerce, the banking arm of diversified conglomerate San Miguel Corp., is raising its capital in its bid to obtain a universal bank status and fortify its presence in the domestic market.

Moody’s Investors Service upgraded the credit rating of China Banking Corp. to Baa2, becoming the first privately-owned local commercial bank to receive an investment grade rating in the Philippines.

Assets of Philippine banks continued to book double-digit growth to hit a record level of P14.14 trillion in end April as the industry continued to withstand shocks amid the volatile global financial market.

Ogaki Kyoritsu Bank Ltd. (OKB) of Japan has established its presence in the Philippines after receiving the green light from the Bangko Sentral ng Pilipinas (BSP) to open a representative office.

The Bangko Sentral ng Pilipinas (BSP) is set to go hard on banks that fail to shift to the mandatory Europay-Mastercard-Visa (EMV) technology to the detriment of their clients suffering interoperability issues.

Netherland-based global financial giant ING Bank is set to double the office space of its shared services hub at the Bonifacio Global City to support the rapid absorption of processing services across its wholesale banking operations in Asia and in Europe.

The Bangko Sentral ng Pilipinas (BSP) has partnered with International Finance Corp. (IFC) to enhance capacities and raise environmental, social and corporate governance standards among Philippine banks.

PayMaya Philippines, the country’s pioneer and leader in digital financial services, is enabling the cashless ecosystems of cities and other local government units in support of the country’s digital transformation.