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Fitch says Philippine banks at risk from weak property sector
By Lawrence Agcaoili | April 1, 2021 - 12:00am
Philippine banks remain at risk amid the prolonged weakness of the property sector despite the recovery in prices in the fourth quarter of last year, according to Fitch Ratings.
Business
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Banks, clients warned vs rise in cyberattacks
Banks, clients warned vs rise in cyberattacks
By Lawrence Agcaoili | 15 days ago
Banks and clients should take extra precaution during the Holy Week as cybercriminals launch attacks during long weekends...
Business
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Banks’ NPL ratio rises anew to 3.7% in January
Banks’ NPL ratio rises anew to 3.7% in January
By Lawrence Agcaoili | 38 days ago
The asset quality of Philippine banks deteriorated anew as the industry’s gross non-performing loan ratio increased...
Business
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More banks to charge higher ATM fees
More banks to charge higher ATM fees
By Lawrence Agcaoili | 65 days ago
More banks are set to impose higher fees for ATM transactions done by non-bank clients using their networks amid the shift...
Business
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Banks tighten lending standards
Banks tighten lending standards
By Lawrence Agcaoili | 80 days ago
Banks continued to impose tighter overall credit standards for real estate loans amid less favorable economic conditions and...
Business
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Banks expect loan demand to pick up
Banks expect loan demand to pick up
By Lawrence Agcaoili | 81 days ago
Local banks are expecting a pickup in loan demand from businesses and households despite the tightening of lending requirements...
Business
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Banks see NPL ratio peaking at 6 to 7%
Banks see NPL ratio peaking at 6 to 7%
By Lawrence Agcaoili | 86 days ago
The non-performing loan ratio of the banking sector is seen peaking at six to seven percent due to the impact of the pandemic,...
Business
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Banks see no urgent need to tap debt markets
Banks see no urgent need to tap debt markets
By Lawrence Agcaoili | 101 days ago
Philippine banks see no immediate need to tap the domestic and foreign debt markets this year after raising enough funds at...
Business
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5 banks to seek digital banking license
5 banks to seek digital banking license
By Lawrence Agcaoili | 115 days ago
At least five banks are planning to apply for a digital bank license as part of efforts to improve the accessibility of financial...
Business
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Fitch downgrades 4 Philippine banks
By Lawrence Agcaoili | May 13, 2020 - 12:00am
Fitch Ratings has taken negative ratings action on state-run Land Bank of the Philippines and Development Bank of the Philippines as well as privately-owned China Banking Corp. and Philippine National Bank as the...
Business
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