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The net inflows of electronic-money transactions reached P1.1 trillion in 2016 with the rapid evolution of digital technology, particularly of smartphones, the Bangko Sentral ng Pilipinas (BSP) reported.

The Bangko Sentral ng Pilipinas (BSP) has taken a proactive stance to arm Philippine banks with the necessary tools to address the increasing level of cyberattacks that continue to confront the global as well as local financial communities.

Bangko Sentral ng Pilipinas (BSP) Governor Amando Tetangco Jr. is raring to get more sleep and return more often to the golf course once he steps down as central bank governor in July after serving an unprecedented two terms spanning 12 years.

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State-run Land Bank of the Philippines is set to open 10 more branches this year as it beefs up its footprint to serve more clients especially in the rural areas as part of its continuous efforts to promote greater financial inclusion.

Gokongwei-led Robinsons Bank Corp. is raising at least P3 billion through the issuance of long-term negotiable certificates of deposit (LTNCDs) to support its expansion program.

The Department of Labor and Employment (DOLE) has certified the Philippine National Bank (PNB) as an institution that is compliant with the department’s program and policies.

S&P Global Ratings said it could upgrade the economic risk assessment of Philippine banks if the country’s economic growth momentum is sustained.

The Bankers Association of the Philippines (BAP) congratulated incoming Bangko Sentral ng Pilipinas Governor Nestor Espenilla Jr. replacing Amando Tetangco Jr. who is set to end his tour of duty on July 2.

Government-owned Land Bank of the Philippines has tied up with RiteMed and the financial technology arm of PLDT Inc. and Smart Communications to provide affordable and quality medicines to Filipino consumers.

State-run Philippine Deposit Insurance Corp. (PDIC) is set to hold its biggest auction wherein it intends to raise at least P1.7 billion from the sale of forfeited assets of foreclosed banks.

China Banking Corp. booked a six percent rise in its net income in the first three months of the year, driven by its lending business and core fee-based income.

State-run Philippine Deposit Insurance Corp. (PDIC) has relaxed its guidelines to encourage mergers and consolidations of rural banks to further strengthen the country’s banking industry.

Debt payments by the national government reached P248.65 billion in the first quarter, down 28 percent from the P344.48 billion in the same period in 2016, data from the Bureau of the Treasury (BTr) showed.