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Banks have started raising fees on certain transactions and services following the implementation of the first package of the Comprehensive Tax Reform Program at the start of the year.

Bank executives are painting a rosy picture for the local banking industry this year on the back of the sustained growth in the economy which is expected to be supported further by the implementation of the tax reform program.

BDO Unibank Inc. remained the dominant player in the banking industry in terms of total assets, capital, deposits and loans in the first nine months of last year, data from the Bangko Sentral ng Pilipinas (BSP) showed.

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The Bangko Sentral ng Pilipinas (BSP) has allowed foreign banks setting up shop in the Philippines to establish five branch-lite units or sub-branches nationwide.

The financial technology arm of PLDT Inc. said 2018 would be a banner year as it expects to maintain the double-digit lending growth booked last year by increasing the number of partners.

Monetary policy normalization in the US is seen to have minimal impact in emerging Asia in the short term because of strong fundamentals and because it had been fully anticipated by the financial market, the Asian Development Bank (ADB) said.

The Bangko Sentral ng Pilipinas expects 2018 to be a busy year for the banking industry with more transactions involving mergers and acquisitions.

State-run Development Bank of the Philippines is opening six new branches in 2018 to strengthen its presence in underserved areas in the country and contribute to the government’s financial inclusion thrust.

The Bangko Sentral ng Pilipinas and the Bank of Thailand have joined forces for the effective supervision of banking institutions operating in Manila and Bangkok.

Yuchengco-led Rizal Commercial Banking Corp. is eyeing the debt market to raise funds to refinance the bank’s maturing foreign and domestic obligations.

The country’s banking sector is strong and stable amid the reforms adopted over the past decade, according to the Bangko Sentral ng Pilipinas.

The Bureau of the Treasury has named the 10 “market makers” under its Enhanced Government Securities Eligible Dealers (GSED) program as it rolled out the repurchase (repo) market for banks.

China Bank Savings (CBS) has partnered with Manulife China Bank Life Assurance Corp. (MBCL) to launch a new loan product bundled with life insurance coverage.