Philippines
Overseas Filipinos’ remittances up 3.3% to $3.2b in August
Overseas Filipinos’ remittances up 3.3% to $3.2b in August
Cash remittances coursed through banks rose by 3.2% during the month.
Why Philippine banks, insurers embrace hyper-personalized services
Industry experts push for the rapid progress of unified customer data as a starting point.
The Philippines launch financial inclusion website
The website features the latest regulations, issuance, and initiatives from FISC agencies.
Experts on future-proofing PH banks, revolutionizing insurance
Going against the norm when adapting growth strategies may be key.
How GCash’s credit and insurance tools unlock Philippines' inclusion barriers
Bank access increased to 65%, whilst insurance penetration improved to 1.71%.
Is BSP’s cyber resilience plan the key to protecting finance in 2025?
The central bank plans to mainstream cybersecurity in schools to close the skills gap.
Philippine central bank gearing up for digital marketplace, new digital banks
Up to four new digital banks may enter the market.
Kiosks, hybrid approach key to financial inclusion: BDO
BDO has introduced self-service kiosks and universal machines to entice unbanked customers.
Philippine banks’ outstanding loans up 10.7% in August
Loans to residents grew whilst loans to non-residents slowed.
Lending by PH banks’ foreign currency deposit units declined 2.7% in Q2
Top sectors who took out loans are merchandise and service exporters, and power companies.
Philippine banks anticipate loan growth, steady NPL outlook
Most foreign and large banks anticipate their NPL ratios to be below 5%.
Philippine central bank cuts reserve requirement ratios
For universal and commercial banks, the RRR has been reduced to 7%.
Cash remittances from the US, Saudi Arabia, and the UAE grew.
Cash remittances from the US, Saudi Arabia, and the UAE grew.
GoTyme Bank partners with BSP to enable coin deposits
GoTyme Bank is reportedly the first bank partner to be integrated in the CoDMs.
Philippine central bank welcomes new monetary board member
Querubin was president and CEO of UCPB from 2003-2007.
Maybank kicks off Islamic banking operations in the Philippines
It is the first commercial bank in the country to get an IBU license.
PH banks’ loans up 10.4% in July
Growth of loans to residents slowed over the month.
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