loans

ACEN extends P1-B loan for Quezon wind park

ACEN Corp. is infusing up to P1 billion in a subsidiary to support the construction…

1st semester SSS income down 28% on higher benefit payouts

The Social Security System (SSS) posted a 27.8-percent drop in net income in the first…

Bank lending growth skid to 4-month low in June

Bank lending slowed to its weakest pace in four months in June as businesses and…

Metrobank first-half income rose to P24.9B

Metropolitan Bank & Trust Co. (Metrobank) posted a slightly higher net income in the first…

Bad loans fell to 6-month low in June

Philippine banks’ bad loans fell to a six-month low in June, a welcome sign of…

Thrift banks seek tighter rules on salary loans

The thrift banking industry is exploring tighter rules on salary lending, including limiting longer repayment…

PetroGreen bags P636-M RCBC loan

PetroGreen Energy Corp. (PGEC) has secured a P635.9-million project finance facility from Rizal Commercial Banking…

Filipinos taking smaller, more frequent loans–study

Spurred by the rise of digital lending apps, Filipinos are increasingly relying on smaller but…

Foreign-currency loans in the Philippines slipped in Q1

Foreign currency loans granted by banks edged lower in the first quarter, a decline that…

PH credit card, salary loans hit record highs

Filipinos’ borrowings are growing faster than their earnings, with regulators warning that the “imbalance” could…