Total loans to micro, small and medium enterprises (MSMEs) under a credit enhancement scheme amounted to P5.31 billion since the program was launched more than a decade ago, data from the Bangko Sentral ng Pilipinas (BSP) showed.

The Philippines is becoming more and more popular as an expat destination in Southeast Asia, British banking giant Hong Kong and Shanghai Banking (HSBC) said.

Philippine banks convened with other banks in Southeast Asia to look into green financing as the Asia Pacific region still lacks readiness and resiliency, while only a handful of countries have a firm environmental, social and governance (ESG) standards.

BDO Unibank Inc. maintained its dominance in the banking industry in terms of total assets, capital, deposits, and loans in the first half of the year, data from the Bangko Sentral ng Pilipinas (BSP) showed.

Big banks are establishing more branch-lite units as part of efforts of the Bangko Sentral ng Pilipinas (BSP) to promote financial inclusion.