Aboitiz-led Union Bank of the Philippines has rolled out the first 5G-powered “Banking on Wheels,” allowing clients to conveniently and comfortably avail of banking services like balance inquiries, withdrawals, bills payments, funds transfer and even account opening.

Manulife Asset Management and Trust Corp. has partnered with Bank of Commerce to help more Filipinos achieve their financial aspirations through innovative solutions for managing their wealth.

Ayala-led Bank of the Philippine Islands (BPI) has raised a record P42 billion as it returned to the domestic debt market via the issuance of peso fixed-rate bonds early this month.

Philippine banks could see another year of slow loan growth and uptick in nonperforming loans as coronavirus disease 2019 risk looms over economic growth and financial markets, S&P Global Ratings said.

All operators of bills payment service that obtain the service of banks and other financial institutions as agents are also required to obtain a license from the Bangko Sentral ng Pilipinas