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.
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.
The Bangko Sentral ng Pilipinas (BSP) is studying on how to make the credit surety fund (CSF) scheme compliant with Islamic laws.
Assets of Philippine banks continued to book a double-digit growth last year amid external challenges arising from the normalization of interest rates in the US, the decision of the United Kingdom to leave the European Union, and the slowdown in China.
The Bangko Sentral ng Pilipinas (BSP) said there is relatively a smooth transition to the shift to the one-day clearing and electronic processing of checks.
Nearly 20 years after the 1997 Asian Financial Crisis ravaged the country’s economy, the Philippine banking system now stands on stronger and firmer ground, thanks to the sweeping systemic reforms instituted by the Bangko Sentral ng Pilipinas (BSP).