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The global ranking of the Philippines in terms of providing digital and financial inclusion zoomed to sixth place this year from 15th last year amid the reforms being pursued by the Bangko Sentral ng Pilipinas, the latest report from Washington-based think tank Brookings Institution showed.

ASEAN banks are supporting the planned establishment of a cloud-based testing environment for financial technology firms and financial institutions to address issues of connectivity, local compliance and cross border compatibility within the region.

The Bangko Sentral ng Pilipinas (BSP) is now evaluating the applications of five virtual currency exchange operators as part of efforts to regulate the fast growing but potentially risky industry.

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Philippine banks are well-capitalized, profitable, competently managed and very liquid, thus posing limited contingent risks to the government, according to Moody’s Investor Service.

The real estate exposure of Philippine banks stayed above 20 percent in the first half of the year as housing prices remained steady amid sustained demand, data from the Bangko Sentral ng Pilipinas showed.

Gotianun-led East West Banking Corp. raised its capital by 150 percent as part of efforts to sustain its momentum as the fastest growing bank in the Philippines.

The Bangko Sentral ng Pilipinas (BSP) said more foreign banks are putting up representative offices in the Philippines amid the country’s sound macroeconomic fundamentals.

Cathay Life Insurance Co. Ltd. of Taiwan continues to beef up its stake in Rizal Commercial Banking Corp. (RCBC) after the Yuchengco-led bank raised P2.5 billion from a recent fund raising activity.

The Bangko Sentral ng Pilipinas (BSP) is supporting financial technology companies or fintechs as it closely monitors industry developments on crowdfunding and peer-to-peer lending.

The International Monetary Fund (IMF) said the Philippine banking sector remains sound amid the reforms introduced by the Bangko Sentral ng Pilipinas (BSP).

The local insurance industry continued to recover in the first half of 2017 as all its sectors exhibited strong performance during the period, the Insurance Commission (IC) reported yesterday.

Filipinos are saving more as bank deposits continued to register a double-digit growth in the first five months of the year, the Bangko Sentral ng Pilipinas  reported yesterday.

Metropolitan Bank & Trust Co. booked a 4.7 percent increase in net income as it continued to make strides in its core business in the first half of the year.