Philippines
Chart of the Week: Cards account for 51% of e-commerce payments in the Philippines
Chart of the Week: Cards account for 51% of e-commerce payments in the Philippines
The Philippines’ e-commerce market grew by 31.3% in 2022
Bank of the Philippine Islands’ net income reaches record $722m in 2022
Revenue was bolstered by growth in its net interest income.
Bank of the Philippine Islands' issues $373m fixed-rate bonds due 2024
BPI Rise Bonds have an interest rate of 5.75% per annum.
UnionBank net income up 12% to $233.59m in 2022
Revenue hit a record high, whilst consumer loans rose after acquiring Citi’s assets.
Filipinos spent 9 years in total using digital lending apps in 2022
Over 2.3 million users actively used a digital lending platform at least once a month.
Robinsons Retail to buy 4.4% stake in BPI
Robinsons Retail will purchase 4.4% interest in the Bank of the Philippine Islands.
Citi Philippines grants $20m loan to financially assist low-income women entrepreneurs
ASA Philippines Foundation supports 2 million women across the country.
BDO Capital Named as PH’s Corporate and Investment Bank of the Year for 5 Consecutive Years
BDO Capital & Investment Corporation (BDO Capital) has been recognized as the country’s Corporate and Investment Bank of the year for the 5th straight year at the Asian Banking & Finance Awards. BDO Capital’s remarkable achievement is a testament to its consistent excellence in delivering best-in-class investment banking services across various product lines in the Philippine capital markets.
How GCash cornered the Philippines' ‘sachet’ economy
The app has over 66 million users in a country of more than 111 million.
Philippine banks’ bad loans ratio to decline in 2023: S&P
But should interest rates rise sharply, banks may face more defaults.
EastWest Bank, JCB launch credit card in the Philippines
Customers can access several rewards and year-round promotions.
BDO Unibank soars at the Asian Banking and Finance Awards 2022
Its commitment to empowering clients and enhancing their wealth amidst uncertainties has become evident with its recent innovations.
BPI cements market position with Robinsons Bank merger: analyst
Assets are slated to increase by 0.9 percentage points.
UNO Digital Bank sets its sights on being Filipinos' top virtual bank
CEO Manish Bhai said they want to be first for their Filipino customers’ financial needs.
Citi Philippines raises Home Credit’s facility to $14.3m
This is almost double the $7.36m it approved last May.
2 in 5 Filipinos name fraud protection as top priority when opening new financial account
About 4.5% of those surveyed have been victims of identity theft.
UnionBank transforms wealth digital platform with Avaloq
It will standardize the front, middle, and back office of UnionBank’s wealth mgmt functions.