banking

Cut in banks’ minimum reserve likely this year

The Bangko Sentral ng Pilipinas (BSP) may resume cutting the cash requirements of banks before…

Soured bank loans spiked to over 2-yr high in July

Bad debts held by banks rose to their highest level in over two years in…

ADB launches new PH strategy, earmarks initial $24B

The Asian Development Bank (ADB) launched a new lending program for the Philippines spread over…

BIZ BUZZ: UnionBank-Citi honeymoon “better than expected”

Two years since taking over Citibank Philippines’ consumer and retail banking businesses — for which…

Study: PH banks’ digital assets vulnerable to hacking

Thousands of internet-linked assets used by Filipino banks and other financial service providers are exposed…

BSP: More Filipinos opened low-cost deposit accounts in Q2

More Filipinos opened low-cost basic deposit accounts (BDAs) in the second quarter of 2024, helping…

Landbank upgrades loan products for calamity-hit clients

Land Bank of the Philippines (Landbank) said on Monday that businesses and consumers can avail…

HK-listed firm to buy 26.8% of Cabangon-led CityState

A Hong Kong-listed holding firm is set to acquire a significant stake in CityState Savings…

New digital banks set to fire up competition for deposits

Competition for funding in the local banking scene is expected to heat up with the…

Security Bank raises P20B from peso bond market

Security Bank Corp. of tycoon Frederick Dy has raised P20 billion from the bond market…