PNB Securities Inc. has partnered with ManulifeInvestment Management and Trust Corp. to expand its unit investment trust fund offerings, as demand for professionally managed investment products continues to grow among Filipino investors ....
Cash remittances from overseas Filipinos continued to rise in April, although growth slowed to its weakest pace in nearly four years amid tighter budgets and lingering global uncertainty ....
Union Bank of the Philippines emerged as the top issuer in Visa credit payment volume in the country last year, underscoring the growing use of credit cards for daily purchases, online transactions and planned spending ....
The Bangko Sentral ng Pilipinas (BSP) is moving to widen access to its credit registry, a step seen to improve lenders’ credit risk assessment, strengthen financial stability and help more borrowers enter the formal credit system ....
Small and medium enterprises in the Philippines can now access business payment cards without opening a bank account, as Mastercard, PayMongo and Paymentology launched a virtual prepaid card aimed at helping businesses make digital payments ....
Security Bank Corp. president and CEOVictor Lee will temporarily oversee the bank’s wholesale banking business following the resignation of John Cary Ong as head of the segment ....
The country’s external debt declined slightly in the first quarter as foreign investors trimmed their holdings of Philippine debt securities amid cautious market sentiment and tighter financing conditions, the Bangko Sentral ng Pilipinas said.
East West Banking Corp. has appointed KristineRomano as independent director, strengthening the bank’s board oversight as it continues to emphasize corporate governance and sustainable growth ....
Philippine National Bank is extending a P3-billion project finance facility to Linglingay Power Corp. to support the development of a solar power plant in Isabela, marking the lender’s latest push into renewable energy financing ....
Banks’ exposure to real estate declined in the first quarter as lenders kept a more measured approach to credit allocation in the sector amid tighter financial conditions, according to the Bangko Sentral ng Pilipinas....
Philippine banks may face weaker loan growth, higher credit costs and lower profitability this year as elevated inflation weighs on the country’s consumption-led economy, according to Fitch Ratings....