Philippines
Wait and see tactics: PH central bank holds off on tightening monetary policies
However, a threat from the West makes it seem that the central bank may be overly confident.
Wait and see tactics: PH central bank holds off on tightening monetary policies
However, a threat from the West makes it seem that the central bank may be overly confident.
Philippine banks’ credit costs to further decline in 2022
Profits are expected to strengthen throughout the year as the economy recovers.
Bank of the Philippine Islands’ asset quality is on the path for improvement: S&P
The bank’s non-performing loans ratio is expected to further decline in 2022.
UnionBank joins sandbox for digital currency use
The sandbox will evaluate CBDC use cases.
Mizuho Bank to invest $61m in Philippine digital bank operator Tonik Financial
The bank hopes to cash in on the Philippines growing digital finance sector.
Philippines’ BSP announces countermeasures against fake banknotes from ATMs
The banking regulator earlier warned the public of counterfeit notes from ATMs.
Merger of Philippine banks Landbank, UCPB to take effect on March
All accounts under UCPB will be transferred under Landbank.
Philippines' central bank warns public of fake banknotes from ATMs
The public is urged to examine banknotes carefully after using a machine.
Bad loans of Philippine alternative lenders to decrease in 2022: study
The rate of their bad loans has hovered around 10% to 10.5%.
Union Bank’s capital buffers to weaken following Citi purchase: analyst
Any potential earnings boost remain uncertain; whilst reduced capital will take years to rebuild.
Philippine banks’ bad loans total $9.41b in November 2021
The figure is a slight improvement from October’s gross NPLs.
AUB launches Mastercard QR card payment solutions in the Philippines
AUB PayMate merchants can now accept Mastercard payments through QR codes.
UnionBank to buy Citi’s Philippine consumer banking franchise for $908m
Around 1,750 Citi employees are expected to transfer to UnionBank.
Philippine-based BDO to reimburse 700 clients hit with online fraud
Clients allegedly lost thousands from unauthorised transfers to a UnionBank account.
UnionBank in talks to take over Citi’s consumer banking assets in the Philippines
Discussions between the two banks are at the preliminary stage.
Philippine financial regulator mulls offline digital payment solutions
The move is part of the BSP’s Digital Payments Transformation Roadmap.
ADB boosts 2019-2030 climate financing goals to $100b
The bank expects its own climate financing in 2019-2021 to reach $17b.
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OCBC shines at ABF Wholesale Banking Awards, Retail Banking Awards
![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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