Philippines
BDO Unibank partners with Hyakujushi Bank
BDO will provide banking support services to HBL customers in the Philippines.
BDO Unibank partners with Hyakujushi Bank
BDO will provide banking support services to HBL customers in the Philippines.
Philippine’s NextPay reaches P3.2b transactions volume in 2022
The company is also looking forward to a Series A funding round in the second half of 2023.
Philippine President supports the merger of two state-run lenders
The merger of the two banks would make it the largest Philippine bank in terms of assets.
UNO Digital Bank offers account opening services to GCash users
GCash users can open a savings or time deposit account with no minimum balance needed.
Security Bank face higher funding costs, lower margins in 2023
Loan growth is expected to fall by 9% year-on-year.
Philippines central bank OKs use of international sim for GCash services
The beta launch will be available for 1,000 users in Japan, Australia, and Italy.
Chart of the Week: Cards account for 51% of e-commerce payments in the Philippines
The Philippines’ e-commerce market grew by 31.3% in 2022
Bank of the Philippine Islands’ net income reaches record $722m in 2022
Revenue was bolstered by growth in its net interest income.
Bank of the Philippine Islands' issues $373m fixed-rate bonds due 2024
BPI Rise Bonds have an interest rate of 5.75% per annum.
UnionBank net income up 12% to $233.59m in 2022
Revenue hit a record high, whilst consumer loans rose after acquiring Citi’s assets.
Filipinos spent 9 years in total using digital lending apps in 2022
Over 2.3 million users actively used a digital lending platform at least once a month.
Robinsons Retail to buy 4.4% stake in BPI
Robinsons Retail will purchase 4.4% interest in the Bank of the Philippine Islands.
Citi Philippines grants $20m loan to financially assist low-income women entrepreneurs
ASA Philippines Foundation supports 2 million women across the country.
BDO Capital Named as PH’s Corporate and Investment Bank of the Year for 5 Consecutive Years
BDO Capital & Investment Corporation (BDO Capital) has been recognized as the country’s Corporate and Investment Bank of the year for the 5th straight year at the Asian Banking & Finance Awards. BDO Capital’s remarkable achievement is a testament to its consistent excellence in delivering best-in-class investment banking services across various product lines in the Philippine capital markets.
How GCash cornered the Philippines' ‘sachet’ economy
The app has over 66 million users in a country of more than 111 million.
Philippine banks’ bad loans ratio to decline in 2023: S&P
But should interest rates rise sharply, banks may face more defaults.
EastWest Bank, JCB launch credit card in the Philippines
Customers can access several rewards and year-round promotions.
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OCBC shines at ABF Wholesale Banking Awards, Retail Banking Awards
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Amongst other accolades, the bank bagged the China International Trade Finance Bank of the Year award as well as its 13th consecutive ASEAN SME Bank of the Year award, attesting to the strength of its extensive ASEAN-Greater China franchise.
Amongst other accolades, the bank bagged the China International Trade Finance Bank of the Year award as well as its 13th consecutive ASEAN SME Bank of the Year award, attesting to the strength of its extensive ASEAN-Greater China franchise.
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