Malaysia’s CIMB unveils first Philippine branch
Kuala Lumpur-based CIMB Group opened its first retail branch in the Philippines more than a year after obtaining a green light from the Bangko Sentral ng Pilipinas (BSP) to establish banking operations in the country.
Banking
Household debts increase
The percentage of households with outstanding loans continues to increase as families turn to borrowing to cope with higher expenses due to rising prices of basic commodities, a survey conducted by the Bangko Sentral ng Pilipinas (BSP) showed.
Banking
BSP urges banks: Expand lending for agriculture financing
The Bangko Sentral ng Pilipinas (BSP) is urging banks to open up their loan portfolio to agricultural financing as the ‘severely limited’ access to finance remains one of the major hindrances to the flourishing of the sector.
Banking
Security Bank named Best Bank in the Philippines
Security Bank Corp. (PSE: SECB) continues to demonstrate leadership in the Philippine banking industry.
Banking
BSP boosts surveillance toolkit on bank lending
The Bangko Sentral ng Pilipinas (BSP) will continue to expand it’s surveillance toolkit as it closely monitors lending activities to prevent economic overheating.
Banking
BSP urged to resume buying gold from small-scale miners
M Lhuillier ventures into logistics
Big banks’ profits up 9% to P116 billion in 9 months
Philippine global ranking in financial inclusion slips 1 notch — EIU
BSP’s credit enhancement scheme yields P5.3 billion in loans
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