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Banks’ lending standards unchanged in second quarter — BSP poll

Philippine banks kept their lending criteria largely steady in the second quarter of the year, although some lenders said they grew stricter in granting...

BSP check shows most Filipinos unbanked

MAJORITY of Filipinos still did not have bank accounts as of 2017 due to lack of funds to meet required minimum balances, a study of the Bangko Sentral ng Pilipinas (BSP) showed.

Financial inclusion, digitalization to create more jobs in banking sector: BAP

The Bankers Association of the Philippines (BAP) expects the banking sector to provide more jobs amid financial inclusion push and digital transformation. In a statement...

TransUnion says record-low delinquency rates driving consumer lending growth

TransUnion Philippines expects sustained lending growth given record-low delinquency rates and despite rising interest rates, with the credit scorer eyeing to capture small businesses...

Moody’s sees little risk of problem loans despite rising rates

THERE SHOULD BE little risk of problem loans even as interest rates rise further, a global credit rater said, noting that policy adjustments can be expected to temper credit growth.

BSP relaxes rule on rediscount loans

Banks will soon have more leeway in acquiring short-term funding from the Bangko Sentral ng Pilipinas (BSP) as the regulator is accepting syndicated loans...

Which regions have the most banks?

By Mark T. Amoguis, Research By the end of 2016, the Philippines had 11,129 bank offices, comprising of 602 head offices and 10,527 other offices. At that...

Moody’s assigns CRRs to PHL banks

MOODY’S INVESTORS Service has assigned counterparty risk ratings (CRR) to 10 Philippine banks, assessing the lenders’ capability to carry out their contractual obligations.

Cybersecurity plan set for TradeNet

THE DEPARTMENT of Finance (DoF) said it will integrate cybersecurity features in the country’s new trade facilitation platform.

BPI looks to ramp up digitalization efforts

BANK OF THE Philippine Islands (BPI) is ramping up efforts to digitize its processes and services to support rapid growth and promote financial inclusion.

Half of the world’s ‘too big to fail’ banks are in...

If a bear market is considered failing in equities, then half of the “too big to fail” financial institutions across the globe aren’t succeeding. There...

Treasury bills on offer partially awarded

THE GOVERNMENT partially awarded the Treasury bills (T-bill) it offered on Monday to temper the rise in rates as yields bid by banks climbed across all tenors amid slower-than-expected inflation.

Rediscount borrowings climb to P1.266 billion

BANKS SECURED bigger loans under the central bank’s peso rediscount window in May to fund more commercial lending and asset purchases at a time of higher borrowing costs.

Big banks’ NPLs inch up in April as lending surges

SOURED DEBTS held by big banks stayed relatively modest in April even as lending surged by almost a fifth, latest central bank data showed.

Local banks well-positioned to meet new liquidity requirement

BIG BANKS are well-positioned to meet new liquidity rules from the central bank, but will have to boost deposit taking and long-term loans to beef up funding, Moody’s Investors Service said.

BSP sticks to June 30 deadline for banks’ EMV shift

THE CENTRAL BANK will stick to its June 30 deadline for all banks to shift to microchip-based cards and terminals to elevate security standards.

PSBank looks to use proceeds of planned LTNCD sale to expand...

PHILIPPINE SAVINGS Bank (PSBank) said it will raise funds through long-term negotiable certificates of time deposit (LTNCD) to expand its consumer banking segment.

BSP prepares big banks for stiffer liquidity rules

THE Bangko Sentral ng Pilipinas (BSP) will closely monitor liquidity buffers held by big banks starting July, ahead of adopting tighter rules which ensure that lenders can stay afloat for at least a year.

Thrift bank sector assets grow in Q1 with credit expansion

THE THRIFT banking industry posted growth in the first quarter on the back of credit expansion among lenders.

The customer-centric story of disruption

By Mark Louis F. Ferrolino, Special Features Writer In a trajectory of rapid improvements, buoyed by disruptive technologies, consumers are becoming more demanding and discriminating. Emerging...

BSP readies regular poll on bankers’ outlooks

THE BANGKO SENTRAL ng Pilipinas (BSP) will conduct a regular poll to get bank executives’ outlook on economic growth and business prospects.

Senate OK’s on third and final reading bill that improves MSMEs...

The Senate on Monday, May 28, passed on third and final reading a bill improving the access of micro, small, and medium enterprises (MSMEs)...

BSP further trims banks’ reserve requirement

The central bank announced another 1% cut in bank reserves on Thursday, May 24, marking the second adjustment this year as the regulator aims...

PBCom to raise up to P5 billion from LTNCDs

Philippine Bank of Communications (PBCom) is set to raise up to P5 billion by selling peso-denominated long-term negotiable certificates of time deposit (LTNCD). In a...

Humans fight back against robots mining personal finance data

REGULATORS are beginning to teach robots who’s the boss. After spending billions of dollars on cutting-edge artificial intelligence technologies, Europe’s banks and insurers face tougher...

S&P upgrades Security Bank to investment grade, affirms rating for DBP

S&P Global Ratings bumped up its credit ratings on Security Bank Corp., while affirming its ratings on Development Bank of the Philippines (DBP) following...

Philippine banking sector’s credit risk score improves

S&P Global Ratings has upgraded its risk assessment on the Philippine banking industry supported by the sector's improved credit fundamentals. The global credit rater said...

S&P maintains bullish outlook for Philippine banks

The Philippine banking system is likely to benefit from a brighter outlook for the economy, S&P Global Ratings said, with stronger domestic activity to...

Rattled emerging markets say: It’s over to you, central bankers

It may all come down to the discipline of central banks to determine where emerging markets are headed after another tumultuous week. A JPMorgan Chase...

BPI profit flat in first quarter

Bank of the Philippine Islands (BPI) posted flat income in the first quarter despite logging revenue growth. In a disclosure Monday, May 7, BPI said...

BDO raises P8.2 billion from LTNCDs

BDO Unibank, Inc. raised P8.2 billion from its long-term negotiable certificates of deposit (LTNCD), which it wants to use to manage the bank's liabilities. At...

PNB aims to grow 2018 profit by 13%-14%

Philippine National Bank (PNB) intends to grow its net income by 13-14% this year as it plans to ramp up the growth of its...

Disruption Down the Road: What Banks Are Facing And What...

By Jonee C. Bilasano So much chatter has been going around regarding the state of the banking industry. Some say it is about to undergo...

Philippine banks’ 2017 profits shoot higher on strong loan growth —...

Moody's Investor Service said the robust loan growth drove higher the profit of Philippine banks in 2017, although this puts pressure on the lenders'...

Growth in money supply quickens in February

Growth in money supply picked up in February as bank lending grew by nearly a fifth, the Bangko Sentral ng Pilipinas (BSP) reported on...

What the world’s governments are saying about cryptocurrencies

Getting your head around cryptocurrencies was hard enough before governments got involved. But now that policy makers around the world are drawing up fresh...

BDO president re-elected as head of BAP

The Bankers Association of the Philippines (BAP) re-elected its current president Nestor V. Tan for another term. In a statement on Tuesday, BAP said Mr....

PNB net income grows 14% in 2017

Philippine National Bank (PNB) saw its net income rise in 2017 on the back of the growth in its core operating income. In a disclosure...

Demand for term deposits picks up

Banks again swarmed the central bank’s term deposit facility (TDF) on Wednesday, March 14, although yields continued to climb as players sought higher yields...

Rediscount loans surge in February

Philippine banks resumed availing of rediscount loans from the Bangko Sentral ng Pilipinas (BSP) in February after it stood untapped a month ago, the...

Chinabank readies P50-billion LTNCD issuance

China Banking Corp. (Chinabank) is set to conduct fund-raising activities to expand its business operation. In a disclosure to the local bourse on Thursday, the...

RCBC doubles medium-term note program to $2 billion

Rizal Commercial Banking Corp. (RCBC) doubled its medium-term note program to raise additional capital. In a disclosure to the local bourse on Monday, March 5,...

EastWest Bank net income grows 48% in 2017

East West Banking Corp. (EastWest Bank) booked a double-digit growth in its net income in 2017 on the back of the robust performance of...

Complement, not compete: Fintech and the road to a cash-lite Philippines

By Melissa Luz T. Lopez, Senior Reporter For decades, banks have been the kings of the financial system. And they remain dominant to this day. After all,...

Analysts on banks’ stocks: Aggressive purchase and hold at current levels

By Carmina Angelica V. Olano THE GROWTH of banking stocks during the quarter accelerated, an uptrend which analysts attribute to lenders’ impressive corporate earnings. For...