Banks keep lending standards steady in Q2
MOST BANKS kept their lending criteria little changed in the second quarter, results of a central bank survey showed.
Peso plunges on China
THE PESO plunged further against the dollar to a one-month low yesterday, dragged by renewed concerns of a global growth slowdown due to slower Chinese economic growth.
Peso rebounds after US signals possible stimulus expansion
The peso rebounded Friday after the central bank launched a bond auction and the US government resumed talks on an expanded stimulus fund to...
EastWest Bank income up 16.6% in 3rd quarter
EAST WEST Banking Corp. (EastWest Bank) booked a higher net income in the third quarter, mainly driven by a rise in loans and fixed-income securities.
Philippine digital lenders attract over $700 million in investments
THE PHILIPPINE digital banking sector has received more than $700 million from local and foreign investors, resulting in a significant growth in depositors, an...
Peso strengthens further
THE PESO strengthened further against the dollar on Wednesday as investors continued to price in expectations of a dovish US Federal Reserve as its latest policy review concludes.
Banks keep credit standards steady in Q2 — BSP survey
PHILIPPINE banks kept their lending criteria little changed in the second quarter, although some lenders said they grew stricter in granting business loans due to more stringent regulations, according to the results of a central bank survey.
Bank lending seen to improve on easy policy, economy’s reopening
THE BANGKO SENTRAL ng Pilipinas (BSP) expects lending to improve gradually, with bad debt seen to remain low on the back of banks’ prudent standards.
US proposes barring big technology firms from offering financial services
A PROPOSAL to prevent big technology companies from functioning as financial institutions or issuing digital currencies has been circulated for discussion by the Democratic majority that leads the House Financial Services Committee, according to a copy of the draft legislation seen by Reuters.
Financial system resources grow 9.2% as of Aug.
THE TOTAL RESOURCES of the Philippine financial system grew by 9.2% as of August, driven by the increase in resources held by banks, preliminary...
Peso climbs vs dollar ahead of holiday
THE PESO regained strength against the dollar on Thursday on profit taking after the US currency’s recent rise and ahead of the Chinese New...
Peso inches higher vs dollar as bank concerns ease
THE PESO edged higher against the dollar on Thursday on easing worries over the global banking sector and amid the smaller month-on-month increase in...