Philippines

This was due to growth of motors, credit card, and salary-based consumption loans.

The National Quick Response (QR) Code Standard aims to boost financial inclusion.

It accounted for nearly a fifth of total loans in June.

The central bank will adopt threshold levels and new indicators.

Low interest rates attracted borrowers.

On the other hand, NIMs of mid-sized players shrank.

The two are planning to expand their suite of financial services.

Its new logo is part of its attempt to pursue a brand with an iteration of ‘Power the Future of Banking’.

Net interest income hit $8.24b and non-interest income rose to $1.69b.

The two lenders will jointly explore collaboration in personal and motorcycle loans.

Deutsche Bank has named chief country officer Michael Chua to lead its Manila branch. In this role, he will spearhead a team to deliver corporate banking solutions for international and local clients doing business in the Philippines.  

Systemwide non-performing loans rose sharply by 22.5% in January.

Lending growth fell to an eight-year low in May.

The move aims to boost financial inclusion in the country.

It will cover various services such as multi-channel loan applications, credit assessment, and loan disbursements.

Lenders are offering digital loans for farmers, a 10-minute paperless account opening process, and money transfers through mobile numbers.