LANDBANK approves P330 million in loans under ‘study now, pay later’ program
Land Bank of the Philippines (LANDBANK) has granted P330 million in loans as of mid-August under its “study now, pay later” scheme, the Department of Finance (DoF) said in a statement on Monday.
Metrobank donates additional P30M to communities for 58th anniversary
EMPOWERMENT through dynamic partnerships has been at the heart of Metropolitan Bank & Trust Co.’s (Metrobank)anniversary for the many decades. This rings true as it celebrates 58 meaningful years of being the people’s ally in progress this year. A total of P30 million worth of grants was turned over virtually to social development partners during its annual giving-back tradition.
Peso strengthens vs dollar on eased restrictions
THE PESO strengthened further on Monday as the government eased restriction measures to help boost the economy while managing the pandemic.
T-bill rates may move sideways
RATES OF THE Treasury bills (T-bills) on offer on Monday will likely move sideways as investors wait for firmer leads, with the outlook for the economy looking dim.
Senate bill seeks to allow BSP to look into deposits
A MEASURE relaxing restrictions under the bank secrecy law to allow the central bank to look into deposits for possible fraudulent activities has been filed in the Senate.
Peso to climb on approval of fresh stimulus funding
THE PESO may strengthen against the dollar this week as the government prepares for the distribution of the stimulus funds under the recently signed Bayanihan II Act.
Yields on gov’t debt go up ahead of BSP bond offer
YIELDS ON government securities (GS) inched up last week due to muted trading amid a lack of fresh leads, with investors also awaiting the Bangko Sentral ng Pilipinas’ (BSP) maiden bond offering this Friday.
Security Bank records surge in digital transactions
SECURITY BANK Corp. recorded higher digital transactions during the last five months amid restrictions due to the coronavirus disease 2019 (COVID-19).
The bank’s digital transactions...
Bank account ‘portability’ for employees pushed
A BILL pushing to let private sector workers choose the bank for their payroll accounts has been filed at the House to give them...
Peso rises as US senators reject fresh stimulus
THE PESO strengthened further on Friday as some US lawmakers rejected a fresh stimulus program meant to stem the impact of the coronavirus disease...
Digital banks urged to tap youth, small firms to boost presence
VIRTUAL BANKS in the Philippines looking for growth opportunities must target the young and unbanked as well as small businesses, S&P Global Ratings said.
Banks borrow P3M from rediscount window in Aug.
LENDERS LOGGED minimal availments from the rediscount window of the Bangko Sentral ng Pilipinas (BSP) in August, showing banks are still armed with enough cash to service their clients’ needs.