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Fees emerge as revenue source as banks book lower profits

By Ramon Royandoyan | 40 days ago

Security Bank and RCBC profits went down, while that of PNB went up in the first quarter.

Business

Consumer indebtedness to hang over banks despite FIST

By Ian Nicolas Cigaral | 110 days ago

Fitch Ratings was more pessimistic, projecting NPLs to account for 4.5-5.5% of total loan books by yearend.

Business

Long road to recovery for Philippine banks – S&P

By Lawrence Agcaoili | 121 days ago

Philippine banks are on a long road to recovery as the banking sector’s non-performing loans may rise further to six...

Business

Philippine banks' defenses would bow to second pandemic shock

By Ramon Royandoyan | 121 days ago

But the recovery is so slow that the ratings agency “does not expect the industry to reach pre-pandemic financial performance...

Business

Bankers see bumpy road ahead

By Lawrence Agcaoili | December 22, 2020 - 12:00am

Philippine banks expect another challenging year for the industry as uncertainties brought about by the pandemic translated to higher loan defaults and a sharp slump in credit growth.

Business

Banks' bad loans to peak only by next year — Fitch

By Ian Nicolas Cigaral | 212 days ago

"Fitch does not expect asset quality deterioration to peak until well into 2021," it said.

Business

Digital validation of clients top pain points of Philippines banks

By Lawrence Agcaoili | October 21, 2020 - 12:00am

Silicon Valley-based global analytics software firm FICO said the complexity and cost of validating digital banking clients emerged as the top pain points of Philippine banks.

Business

Large banks under negative watch on pandemic financial strain

By Prinz Magtulis | 253 days ago

Two of the biggest credit raters have lowered their outlook on the ratings of several local banks, indicating a potential...

Business

Bad loans slow in August even without Bayanihan grace period

By Prinz Magtulis | 258 days ago

As of August, NPLs accounted for 2.84% of total loans extended by the banking system, up from 2.7% in previous month and sustaining...

Business

NPL ratio rises to 2.43% in May

By Lawrence Agcaoili | July 9, 2020 - 12:00am

The non-performing loan ratio of Philippine banks rose for the fifth straight month to hit a five-year high of 2.43 percent in May from 2.31 percent in April, amid the sharp rise in past due as well as restructured...

Business

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DOT renews deal with PCMC for 2nd phase of subsidized COVID-19 tests for tourists

The Department of Tourism and its attached agency Tourism Promotion Boards are set to roll out the second phase of the RT-PCR test financial subsidy program for domestic tourists.

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Locsin: South China Sea ruling a 'North Star' that 'benefits the world'

Foreign Affairs Secretary Teodoro Locsin Jr. on Tuesday night asserted that Manila's arbitral in the West Philippine Sea is "final" and "benefits the world" ahead of its fifth anniversary next month.

16 hours ago

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Unconvincing revenue growth narrows budget deficit in May

The Duterte administration’s budget deficit shrank in May on the back of a deceiving pick-up in revenues.

1 day ago

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More than 100 additional ships detected in West Philippine Sea â�� report

More than 100 additional ships detected in West Philippine Sea — report

In its 14-page report released on June 20, US-based Simularity noted that the number of ships — likely Chinese — in the Philippine EEZ jumped from 129 to 238, an increase of 109 ships.

2 days ago

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Metro Manila mayors hold emergency meeting on COVID-19 Delta variant

"There are [detected] cases, but DOH has monitored them and I think they have contained it as per their report," Abalos said in a phone call.

2 days ago

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Forex

February 12, 2018
- 12:00 am

1$ : P51.66