LANDBANK donates P20.9M to LGUs affected by typhoon
LAND BANK of the Philippines (LANDBANK) on Friday said it plans to donate P20.9 million to support the recovery of almost 200 local government...
BSP to banks: Practice fair treatment
THE central bank told its supervised financial institutions to ensure compliance with standards on consumer protection in their terms and conditions for clients.
Interest rate capped for lending, financing firms’ low-value loans
THE Bangko Sentral ng Pilipinas (BSP) has approved a limit on interest rates imposed for short-term credit granted by financing firms to protect low-income borrowers from predatory lending practices that impose elevated interest rates.
BPI-BFSB merger effective by Jan. 1
BANK of the Philippine Islands (BPI) announced on Thursday that its merger with its sister unit BPI Family Savings Bank will be effective by Jan. 1, with BPI as the surviving entity.
Calamity drive for ‘Odette’ survivors
By J. Albert Gamboa
“LAST week, our country was once again hit by a very strong typhoon that devastated northern Mindanao, Visayas, and Palawan. The aftermath of this calamity was so tremendous causing the loss of homes, livelihood, and lives.”
Market appetite boosts peso
THE PESO strengthened against the dollar on Thursday on stronger market appetite after studies hint that the Omicron variant leads to fewer hospitalizations.
Unionbank to acquire Citi’s consumer banking business in the Philippines
MANILA - Unionbank of the Philippines said on Thursday it will acquire the consumer banking business of Citigroup Inc. in the Southeast Asian nation,...
SEC clears BPI capital increase
BANK of the Philippine Islands (BPI) has received the approval of the Securities and Exchange Commission (SEC) to increase its capital stock to P50.6 billion in line with its merger plans with unit BPI Family Savings Bank, Inc. (BFSB).
Term deposit yields mixed on hawkish Fed
YIELDS ON THE central bank’s term deposits ended mixed on Wednesday as the US Federal Reserve said it would quicken its pace of policy normalization.
DBP OK’s P200-million loan for Batangas town
THE Development Bank of the Philippines (DBP) granted a P200-million financing for the local government of Balayan, Batangas to fund the municipality’s development projects.
Peso weakens on local stock market losses
THE PESO retreated versus the greenback on Wednesday amid cautious sentiment due to stock market losses.
BDO: Liability clause unchanged
Sy-led bank refutes allegations after fraud incident
BDO Unibank, Inc. refuted claims that alleged the bank has revised its terms and conditions in relation to...