Banks

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                    [ArticleID] => 2172991
                    [Title] => Banks’ bad loans climb further to P431 billion in February
                    [Summary] => Soured loans of Philippine banks picked up for the second straight month, rising by 9.6 percent to P472.66 billion in February from P431.27 billion in the same month last year, as the National Capital Region and nearby provinces were placed under Alert Level 3 due to COVID-19 infections that hit record levels due to the more contagious Omicron variant.
                    [DatePublished] => 2022-04-08 00:00:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 1097197
                    [AuthorName] => Lawrence Agcaoili
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 2159940
                    [Title] => Philippines banks earn P223 billion in 2021
                    [Summary] => Philippine banks returned to profit growth last year, earning 44 percent more than in 2020, as provisioning for bad debts dropped sharply in line with the continued recovery from the COVID pandemic.
                    [DatePublished] => 2022-02-11 00:00:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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            [2] => Array
                (
                    [ArticleID] => 2152601
                    [Title] => Banks say services remain available amid tighter curbs
                    [Summary] => Philippine banks said the industry is providing essential financial services despite the shift to Alert Level 3 in Metro Manila and nearby provinces due to surging COVID infections.
                    [DatePublished] => 2022-01-09 00:00:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 1097197
                    [AuthorName] => Lawrence Agcaoili
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 2151424
                    [Title] => Bankers cautiously optimistic for 2022
                    [Summary] => The heads of the country’s largest banks described 2021 as a better-than-expected year, but are cautiously optimistic about 2022 as the Philippines slowly emerges from the pandemic-induced recession.
                    [DatePublished] => 2022-01-03 00:00:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 1097197
                    [AuthorName] => Lawrence Agcaoili
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [4] => Array
                (
                    [ArticleID] => 2138738
                    [Title] => Fitch: Philippine banks face higher impairment risk
                    [Summary] => Philippine banks are facing higher impairment risk amid a correction in property prices and a much weaker recovery from the recession caused by the pandemic, according to Fitch Ratings.
                    [DatePublished] => 2021-11-04 00:00:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 1097197
                    [AuthorName] => Lawrence Agcaoili
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [5] => Array
                (
                    [ArticleID] => 2136390
                    [Title] => Flexible approach to bank loan restructuring urged
                    [Summary] => Banks and financial institutions are urged to take a more flexible approach in restructuring the loans of borrowers severely affected by the pandemic, according to the Bangko Sentral ng Pilipinas.
                    [DatePublished] => 2021-10-25 00:00:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 1097197
                    [AuthorName] => Lawrence Agcaoili
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [6] => Array
                (
                    [ArticleID] => 2136398
                    [Title] => More banks leveraging QR code
                    [Summary] => The local arm of Dutch financial giant ING and Rebisco-led Asia United Bank continue to leverage various technologies such as the QR (quick response) code to hasten the country’s shift to a cash-lite from a cash-heavy economy.
                    [DatePublished] => 2021-10-25 00:00:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [7] => Array
                (
                    [ArticleID] => 2130867
                    [Title] => Bank lending ends 8-month slump, grows 1.3% in August
                    [Summary] => Banks finally got the better end of record-low interest rates as lending recovered with a 1.3 percent growth in August, ending eight straight months of contraction, according to the Bangko Sentral ng Pilipinas.
                    [DatePublished] => 2021-10-01 00:00:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 1097197
                    [AuthorName] => Lawrence Agcaoili
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => https://media.philstar.com/photos/2021/09/30/b1-12019-11-2519-08-52_2021-09-30_20-06-49123_thumbnail.jpg
                )

            [8] => Array
                (
                    [ArticleID] => 2123073
                    [Title] => Banks step up campaign vs cybercrime, online fraud
                    [Summary] => Banks continue to step up their information drive against cybercrime and fraud amid rising cases as the pandemic spurred  an increase in online usage and spending.
                    [DatePublished] => 2021-08-28 00:00:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => https://media.philstar.com/photos/2021/08/27/bsp2020-11-0619-05-53_2021-08-27_20-06-39162_thumbnail.jpg
                )

            [9] => Array
                (
                    [ArticleID] => 2118325
                    [Title] => Banks told to heighten alert vs data breaches
                    [Summary] => Risks on data breaches or leaks have become a significant concern as the banking industry continues to increasingly leverage on digital platforms in the provision of essential financial services amid the pandemic, according to the Bangko Sentral ng Pilipinas.
                    [DatePublished] => 2021-08-08 00:00:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => https://media.philstar.com/photos/2021/08/07/data_2021-08-07_18-33-26915_thumbnail.jpg
                )

        )

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Banks’ bad loans climb further to P431 billion in February

By Lawrence Agcaoili | April 8, 2022 - 12:00am

Soured loans of Philippine banks picked up for the second straight month, rising by 9.6 percent to P472.66 billion in February from P431.27 billion in the same month last year, as the National Capital Region and...

Business

Philippines banks earn P223 billion in 2021

February 11, 2022 - 12:00am

Philippine banks returned to profit growth last year, earning 44 percent more than in 2020, as provisioning for bad debts dropped sharply in line with the continued recovery from the COVID pandemic.

Business

Banks say services remain available amid tighter curbs

By Lawrence Agcaoili | January 9, 2022 - 12:00am

Philippine banks said the industry is providing essential financial services despite the shift to Alert Level 3 in Metro Manila and nearby provinces due to surging COVID infections.

Business

Bankers cautiously optimistic for 2022

By Lawrence Agcaoili | January 3, 2022 - 12:00am

The heads of the country’s largest banks described 2021 as a better-than-expected year, but are cautiously optimistic about 2022 as the Philippines slowly emerges from the pandemic-induced recession.

Business

Fitch: Philippine banks face higher impairment risk

By Lawrence Agcaoili | November 4, 2021 - 12:00am

Philippine banks are facing higher impairment risk amid a correction in property prices and a much weaker recovery from the recession caused by the pandemic, according to Fitch Ratings.

Business

Flexible approach to bank loan restructuring urged

By Lawrence Agcaoili | October 25, 2021 - 12:00am

Banks and financial institutions are urged to take a more flexible approach in restructuring the loans of borrowers severely affected by the pandemic, according to the Bangko Sentral ng Pilipinas.

Business

More banks leveraging QR code

October 25, 2021 - 12:00am

The local arm of Dutch financial giant ING and Rebisco-led Asia United Bank continue to leverage various technologies such as the QR (quick response) code to hasten the country’s shift to a cash-lite from a...

Business

Bank lending ends 8-month slump, grows 1.3% in August

By Lawrence Agcaoili | October 1, 2021 - 12:00am

Banks finally got the better end of record-low interest rates as lending recovered with a 1.3 percent growth in August, ending...

Business

Banks step up campaign vs cybercrime, online fraud

August 28, 2021 - 12:00am

Banks continue to step up their information drive against cybercrime and fraud amid rising cases as the pandemic spurred ...

Business

Banks told to heighten alert vs data breaches

August 8, 2021 - 12:00am

Risks on data breaches or leaks have become a significant concern as the banking industry continues to increasingly leverage...

Business