Search results for Banks In The Philippines

Philippine digital banks struggle to find their mojo

Philippine banks still in ‘good shape’ despite oil crisis — Remolona

WASHINGTON, D.C. — Several Philippine banks have flagged concerns about their capital levels, but the broader financial system remains in “very good shape” despite shocks stemming...

Bank loans grow faster despite MidEast shock

MANILA, Philippines – Philippine bank lending rose at its fastest pace in seven months in March as the impact of the Middle East war had yet to significantly spill over into domest...

BSP eases bank access to cash during calamities

MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) has approved a temporary relief measure allowing banks that are not yet registered in the payment and currency managemen...

Moody’s affirms Philippine banks’ ratings

MOODY’S RATINGS has affirmed the long- and short-term ratings of three Philippine banks, it said late on Monday. The debt watcher affirmed the “Baa2/P-2” long and short-term issuer...

BSP allows direct currency withdrawals by banks during calamity, emergency situations

BANKS not registered with the Philippine Payment and Settlement System (PhilPaSS) Plus or the Integrated Currency Management System (ICMS) are now temporarily allowed to withdraw c...

Philippine banks’ bad loans swelled to 6-month high in February

MANILA, Philippines — The share of bad loans to the total lending portfolio of Philippine banks rose to a six-month high in February, as sticky borrowing costs continued to weigh o...

Banks’ Q1 net profit rises to P104.8 billion

THE PHILIPPINE banking sector booked a slightly higher combined net income in the first quarter despite the onset of the Middle East war, data from the Bangko Sentral ng Pilipinas...

Banks to weather Iran shocks–BSP

The Philippine banking system has limited direct exposure to the conflict in the Middle East, the Bangko Sentral ng Pilipinas (BSP) said, adding that strong capital buffers and amp...

Banks’ assets grow to P29 trillion as of Feb.

PHILIPPINE BANKS’ total assets grew by 8.33% at end-February as they continued to grow their loan portfolios, Bangko Sentral ng Pilipinas (BSP) data showed. Banks’ combined assets...

Philippine central bank shifts to rate hike stance as economy struggles

Money in the Philippines and how it works

Money in the Philippines is one of those things that seems simple until you actually start moving around the country and realise it works differently depending on where you are sta...

Financial account ownership among Filipinos at 50% — BSP

HALF of Filipino adults had formal financial accounts in 2025, with gains recorded among the youth and women, a Bangko Sentral ng Pilipinas (BSP) survey showed. According to the BS...

BSP plans stricter sustainability reporting rules for banks by 2027

PHILIPPINE BANKS may soon be required to adopt stricter international reporting standards related to sustainability as the Bangko Sentral ng Pilipinas (BSP) noted the growing risks...

Bank deposits hit P22 trillion as of March

DEPOSITS held by Philippine banks grew by 10.2% in the first quarter of the year, driven by a higher number of depositors and accounts, the latest data from the Bangko Sentral ng P...

The blind spot in Philippine credit and the case for full picture credit

A quiet contradiction sits at the heart of financial inclusion in the Philippines. More Filipinos today are inside the financial system than ever before. Accounts have expanded rap...

BPI partners with Amesco Drug to expand its reach in Mindanao

BANK of the Philippine Islands (BPI) has partnered with Amesco Drug Corp., marking its first “May BPI Dito” partnership with a Davao-based business as it looks to widen its agency...

Banks told to tighten controls vs dirty money risks

THE BANGKO SENTRAL ng Pilipinas (BSP) reminded its supervised institutions to comply with anti-money laundering and countering terrorism and proliferation financing (AML/CTPF) rule...

PHL financial education strategy set for release this year

THE BANGKO SENTRAL ng Pilipinas (BSP) is leading the development of the country’s National Strategy for Financial Education (NSFE) framework targeted for release before yearend, it...

Philippine banking sector to see limited direct impact from war

THE ONGOING Middle East war has minimal direct impact on the Philippine banking system, the Bangko Sentral ng Pilipinas (BSP) said, with the industry seen prepared to weather the c...

Infrastructure: The next frontier of Philippine fintech

IN 2026, the Philippines has no shortage of fintech. We have e-wallets on 70% of phones, credit being offered from every corner of the internet, and a growing ecosystem of digital...

Philippines gross foreign reserves at $107.5 billion at end-March

MANILA — The Philippines’ gross foreign reserves PHFXR=ECI dropped to $107.5 billion at the end of March, from the revised $113.3 billion a month earlier, the central bank said on...

PNB net profit climbs to P6.37 billion in Q1

PHILIPPINE National Bank (PNB) posted a 5% increase in its first-quarter earnings as higher core and other income offset losses from trading and foreign exchange. The bank’s net pr...

BPI says 100 branches now powered by renewable energy

BANK of the Philippine Islands (BPI) said 100 of its branches are now powered entirely by clean energy following the recent transition of 30 additional branches under the governmen...