banking

US treasury’s Yellen won’t rule out sanctions on Chinese banks

WASHINGTON — US Treasury Secretary Janet Yellen told Reuters on Friday that the US is…

Traders watch for next BSP, Fed moves

All eyes will be on the central banks of both the Philippines and the United…

BSP poised to deliver final 25-bp rate cut in ʼ24

The Bangko Sentral ng Pilipinas (BSP) is expected to deliver its final rate cut this…

UnionBank, Samsung expand microfinancing

Union Bank of the Philippines and Samsung are making their micro financing platform available to…

Fitch sees improving risk appetite among banks 

A low interest rate environment amid the ongoing easing cycle of the Bangko Sentral ng…

ADB extends fresh $500-M loan

The Philippines has secured a $500-million policy-based loan from the Asian Development Bank (ADB) to…

ADB keeps 6% PH growth projection

The Asian Development Bank (ADB) kept its growth outlook on the Philippines for this year…

Banks’ bad debts spiked in Oct to over 2-yr high

Soured loans held by local banks rose to their highest level in more than two…

BIZ BUZZ: RCBC taps Acevedo’s successor?

Just last month, we reported that veteran banker Eugene Acevedo may soon step down from…

Banks lend more to MSMEs, but still short of minimum

Local banks ramped up their lending to micro, small and medium enterprises (MSMEs) in the…