Philippines
Philippine National Bank’s profitability to improve on more SME loans
Liquidity is expected to decline as it accelerates lending in 2024.
Philippine National Bank’s profitability to improve on more SME loans
Liquidity is expected to decline as it accelerates lending in 2024.
Overseas Filipinos’ remittances up 3% to $2.95b in Feb
A total of $2.65b in remittances coursed through banks, the central bank said.
Personal remittances from Overseas Filipinos (OFs) grew by 3% to $2.95b in February, according to central bank data.
Philippine central bank simplifies FX policy for foreign investment registration
Foreign investments can now be registered upon registering at any authorized agent bank.
Philippine bank lending up 8.6% in Feb on higher motor and card loans
Consumer loans grew 25.2% partly due to demand for motor vehicle loans rising.
Unacash unveils installment loans in the Philippines
Customers can apply for loans up to approximately $886.
PH-based Allbank and Salmon Group unveil QR PH-enabled payment solution
It eliminates the need to input details manually for traditional payments.
BPI Private Wealth aims to double assets and capture 25% local HNW market
CEO Maria Theresa Marcial says they are targeting US$53b in AUM by 2026.
BSP says ‘Currency Computing Mining Machines’ not under its purview
The Philippine central bank also warned against SKPOOLS MINING CORPORATION.
The Philippine central bank has warned the public against “Currency Computing Mining Machines”, saying that these are not within its purview.
Philippine neobank Zed offers credit card with no interest and no annual fees
It has reportedly received 25,000 sign-ups within three weeks.
BDO reports 28% higher net income of $1.32b in 2023
Consumer loans and deposits both rose during the period.
Philippine central bank denies issuing directive re “stamped” US dollar notes
It reminded the public to remain vigilant against bogus information.
Philippine bank lending up 7.8% in January: central bank
Salary-based loans and motor vehicle loans pushed consumer loans to a 25.2% growth.
Digido has served 1 million customers
Over 3 in 4 of the loans disbursed in 2023 were from repeat customers.
BSP okays adoption of sustainable finance taxonomy guidelines
It has a “traffic light system” in classifying if finance activities are SFTG-aligned.
PH’s Security Bank digitising its wealth management platform
The bank has partnered with Avaloq to automate and standardize the WM workflows.
Fintech UNOAsia raises $32.1m in pre-series B round
It will support efforts to scale up UNO Digital Bank in the Philippines.
BPI, Helios roll out solar mortgage program in the Philippines
It has a 7% interest rate and has already onboarded 100 new homeowners.
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CIMB Niaga leads the way in captivating Indonesia’s youth
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The bank’s digital solutions are winning over younger generations with 3.2M mobile users and 96% digital transaction rate in 2023.
The bank’s digital solutions are winning over younger generations with 3.
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