• E-money transactions breach P1 T mark

    April 30, 2019

    MANILA, Philippines — Electronic money transactions breached the P1-trillion level last year on the back of the growing number of providers as well as aggressive marketing strategies undertaken by major players, data from the Bangko Sentral ng...

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  • Profits of Philippine banks hit P179 B in 2018

    February 11, 2019

    MANILA, Philippines — Earnings of Philippine banks climbed by 6.4 percent to P178.83 billion last year from P168.07 billion in 2017 on the back of higher trading gains and interest income, according to preliminary data from the Bangko Sentral ng...

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  • More bank offices built in towns, cities in 2018

    January 24, 2019

    MORE TOWNS in the Philippines had bank offices in 2018, with the central bank seeing further room to widen financial access through basic deposit accounts. Around 66.3% of towns and cities in the country have banking presence as of end-2018,...

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