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Thrift banks’ NPLs climb in 2017

SOURED DEBTS held by thrift lenders grew by a tenth in 2017 to match the increase in total loans granted from a year ago,...

Batangas rural bank ordered shut

A RURAL BANK in Batangas has been ordered shut by the Bangko Sentral ng Pilipinas (BSP), becoming the second lender to be closed down...

BSP sets minimum liquidity ratio for small lenders

By Melissa Luz T. Lopez, Senior Reporter THE CENTRAL BANK will impose liquidity standards on small banks by 2019, parallel to a measure imposed on...

China Bank net profit up 15%

CHINA BANKING Corp. (China Bank) saw its net income grow in 2017 on the back of sustained growth in its core and fee-based businesses. In...

UnionBank posts lower income in 2017

UNIONBANK of the Philippines (UnionBank) booked a lower net income in 2017 despite positive recurring income across all its business segments. In a disclosure to...

China Bank Securities sees 75% revenue growth this year

CHINA BANK Securities Corp., the stock brokerage arm of China Bank Capital Corp. (CBCC), is looking at a 75% growth in its revenues this...

Liquidity, lending growth decelerate in November

By Melissa Luz T. Lopez, Senior Reporter MORE MONEY circulated in the economy as of November on the back of sustained bank lending, although growth...

Credit cards to become obsolete as e-payments reign — FICO

THICK WALLETS will soon become things of the past as physical credit cards may begin to be obsolete in 2018 with digital payment schemes...

Operational lapses caused BPI system glitch — BSP

By Melissa Luz T. Lopez, Senior Reporter THE CENTRAL BANK has found operational lapses that led to a two-day internal glitch at the Bank...

Peso drops due to upbeat US data

THE PESO ended its rally against the dollar on Friday due to upbeat US economic data as well as profit-taking. The local currency finished at...

BAP looks to develop digital identity technology for banks

THE Bankers Association of the Philippines (BAP) has partnered with a technology and consulting company to develop an industry-wide facility to enhance the country’s...

BSP lowers risk weighting for MSME loans vis CSFs

By Melissa Luz T. Lopez, Senior Reporter LOANS to small-scale businesses secured through credit surety cooperatives will be given a lower risk premium, as the...

Financial technology firms form industry group

FINANCIAL TECHNOLOGY (fintech) firms have grouped up to push innovation and promote inclusive growth. On Sept. 27, fintech players established FintechAlliance.ph, an industry group composed...

ACPC gets higher budget

THE Agricultural Credit Policy Council’s (ACPC’s) budget for next year climbed by more than a fifth from 2017’s as the Department of Agriculture (DA)...

Two bitcoin exchanges now under BSP oversight

By Melissa Luz T. Lopez, Senior Reporter THE BANGKO SENTRAL ng Pilipinas (BSP) now oversees the operations of two bitcoin platforms, which comes after it...

UnionBank net income down in Q2

UNION BANK of the Philippines (UnionBank) saw its income slide in the second quarter, but still posted a double-digit income in the first semester,...

PDIC to bid out P1.7-billion worth of properties

THE PHILIPPINE Deposit Insurance Corp. (PDIC) will bit out next week P1.7-billion worth of real estate properties, with proceeds to be used to pay...

BSP excludes clearing, settlement from SBL

By Melissa Luz T. Lopez, Senior Reporter THE CENTRAL BANK will exclude payment transactions of conglomerates from its computation of the single borrower's limit (SBL) of...

Performance of Philippine banking system

Philippines' banking sector does not risk losing the "stable" outlook given by debt watcher Standard & Poor's. Read the full story here.