banking

PH financial system’s resources cross P33T

Total resources of the Philippine financial system expanded in 2024 to hit the P33-trillion mark,…

Prolonged rate cut delay unlikely, analysts say

The Bangko Sentral ng Pilipinas (BSP) might have to resume cutting rates soon, analysts said,…

PH banking system saw record profit in ’24

The Philippine banking system saw profits grow to a new record high in 2024, with…

MUFG buy-in deal jacks up Gcash valuation to $5B

MUFG Bank Ltd., Japan’s largest bank, has completed the acquisition of an 8-percent stake in…

Bad loans fell to 1-year low in Dec

Soured loans held by Philippine banks as a ratio of total credit eased to their…

In surprise move, BSP keeps key rate steady

The Bangko Sentral ng Pilipinas (BSP) on Thursday defied market expectation after keeping the policy…

Bloomberry secures P40-B loan deal

Bloomberry Resorts Corp. has obtained a P40-billion loan from seven local banks to repay an…

Loans swell at fastest pace in 2 yrs

Bank lending posted its fastest growth in two years to cross the P13-trillion mark in…

PH dollar reserves dipped to 9-mo low in Jan

The Philippines’ dollar reserves declined at the start of the year, hitting a nine-month low…

BSP tipped to deliver fresh policy rate cut

Fifteen out of 16 economists polled by the Inquirer last week expected the powerful Monetary…