SSS discontinues benefits disbursal by check
THE Social Security System (SSS) said Friday that it will no longer use checks to disburse benefits and will release payouts through accredited banks.
BPI BanKo launches digital savings account
BANK of the Philippine Islands’ (BPI) microfinance arm BPI Direct BanKo, Inc. has launched a digital savings account to make digital banking easier for...
IC sets rules for PLHIV applications
THE INSURANCE Commission (IC) has issued guidelines on the underwriting of applicants with actual, perceived or suspected human immunodeficiency (HIV) status.
TDF yields inch higher as BSP keeps rates steady
YIELDS ON the term deposits auctioned off by the Bangko Sentral ng Pilipinas (BSP) mostly climbed on Wednesday following its decision to maintain benchmark rates and due to expectations of faster inflation this year.
Philippine bank assets grew by 9.9% at end-Nov.
THE PHILIPPINE banking sector’s total assets climbed by 9.9% year on year as of end-November 2023, mainly driven by the continued growth in loans.
Preliminary...
Wells Fargo to boost auto loans
WELLS FARGO & Co. Chief Executive Officer Tim Sloan said the firm is ready to increase lending for car sales after pulling back last...
Peso continues rally against dollar
THE peso continued to rally against the dollar on Friday on positive market sentiment about inflation.
UnionBank books lower net profit
UNION BANK of the Philippines, Inc. (UnionBank) saw its net income fell by 27.78% last year due to one-time costs related to its acquisition...
EastWest Bank net income up 38% in 2019
EAST WEST Banking Corp. (EastWest Bank) saw its net income climb in 2019, boosted by both consumer loans and deposits.