New capital rules could spell doom for rural banks

AS THE PHILIPPINES starts to recover from the pandemic-caused recession, the Bangko Sentral ng Pilipinas (BSP) plans to hike the minimum capital requirement of rural banks in a bid to strengthen and enhance the capacity of these small lenders which could spell the doom for some of them.

PHL banks urged to be green, sustainable

In recognizing the part of the banking industry to pursue sustainable financing or green financing in the country, the Bangko Sentral ng Pilipinas (BSP) has released the Philippine Sustainable Finance Roadmap and Sustainable Finance Guiding Principles to serve as the foundation in promoting successful strategies in implementing sustainable finance in the country.

State of BNPLs in the country: A Q&A with BillEase

IN THE GROWING SPACE of financial technology (fintech), the proliferation of the Buy Now Pay Later (BNPL) system made its way in the Philippines. The coronavirus disease 2019 (pandemic) accelerated the process of shifting Filipino consumers to digital payment and resulted to its pervasive adoption, particularly in the e-commerce industry.

Rising inflation, borrowing costs spell financial market uncertainty

FINANCIAL MARKETS could experience another volatility in the near term as major central banks turned hawkish amid inflationary pressures due to the ongoing Russia-Ukraine war, analysts said.

Analysts remain bullish on banks as borrowing costs rise

THE LISTED BANKS were more resilient in the first quarter despite rising inflation environment worsened by the ongoing Russia’s invasion of Ukraine.

Who’s ready for ‘alt’ data?

IN THE COMING YEARS, banking for the ordinary and the underbanked Filipino can be made easier and accessible even with minimal resources. The fast pace of digitalization in the banking sector calls for alterative ways and opportunities that consumers should be entitled to.

Data innovation to boost fintech: A Q&A with FinTech Alliance.PH

THE FINANCIAL TECHNOLOGY (fintech) landscape in the Philippines has been growing despite the setbacks experienced due to the coronavirus disease 2019 (COVID-19). The rapid movement of digitalization in the past years paved the way for financial services to expand and be more convenient for the average Filipinos.

Financial Market Outlook: Market volatility to continue amid Fed lift-off, Russia-Ukraine conflict

FINANCIAL MARKETS may continue to experience volatility in the near term following the Federal Reserve’s start of its tightening cycle and the geopolitical tensions between Russia and Ukraine.

Banks’ profit to improve in 2022 — analysts

THE BANKING SECTOR’s bottom line could further improve this year as the economy gradually loosens its pandemic movement curbs, analysts said.

Banks told to adapt as gov’t starts to unwind support from pandemic

WITH ECONOMIC RECOVERY expected to be underway, banks will have to tailor their relief measures accordingly as authorities begin unwinding its support to the financial sector.

Expanding MSME reach: A Q&A with Small Business Corp.

THE PAST TWO years have been rough on micro-, small-, and medium-sized enterprises (MSMEs). According to the Philippine Statistics Authority’s (PSA) List of Establishments data, the number of the country’s MSMEs fell by 4.3% to 952,969 in 2020 from 995,745 the year before. The closure of around 43,000 of these firms led to approximately 130,000 jobs lost.

PHL recovery hopes to support financial markets

ANALYSTS expect the country’s financial markets to recover along with the economy next year, but cautioned risks remain with the threat of the coronavirus disease 2019 (COVID-19), as shown by the mixed performance in the third quarter.
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