MANILA, Philippines — More Filipinos continue to entrust their savings with banks as deposits recorded a double-digit increase in the first five months amid the strong economic growth. Total bank deposits rose by a double-digit rate of 11.7...
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The banking system’s trust holdings increased by 8.2 percent year-on-year to P2.51 trillion as of end-March, indicating clients’ confidence in banks’ investment management continues to grow. The big banks accounted for P2.46 trillion of...
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PHILIPPINE BANKS will benefit from a brighter outlook for the economy, S&P Global Ratings said, with stronger domestic activity to fuel increased lending for local players. Ivan Tan, director for financial institution ratings at S&P,...
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