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  • Phl banks remain strong

    July 25, 2019

    The country’s banks remain strong and in the pink of financial health as lending activities continue to show efficiency, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno said. WITH THIS MUCH ADDITIONAL LIQUIDITY IN THE FINANCIAL SYSTEM,...

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  • Banks step up battle vs cybercrime

    July 24, 2019

    MANILA, Philippines — Philippine banks continue to step up their campaign against cybercrime in support of the efforts of the Bangko Sentral ng Pilipinas (BSP) to strengthen the industry’s resilience to cyberattacks. The Bankers Association...

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  • Digital transactions via PESONet, InstaPay hit P109 B

    July 23, 2019

    Transactions under the automated clearing houses strategically formed to drive up cashless transactions in the country breached the P100 billion level in end-June as the government hopes to raise the share of digital payments to 20 percent by...

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  • Foreign investments to benefit bank industry

    June 24, 2019

    MANILA, Philippines — The entry of foreign investors in Philippine banks may usher the inflow of more foreign direct investments (FDIs) and employment opportunities in the country, according to Bangko Sentral ng Pilipinas. BSP Governor Benjamin...

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  • Banks moving to small business market

    February 27, 2017

    Banking institutions are warming up to the idea of providing credit to micro, small and medium-sized enterprises (MSMEs). At the same time, it is crucial for small businesses to be educated on how to become more “attractive” borrowers,...

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    September 30, 2016

    Businesses will benefit from the foreign exchange liberalization policy recently implemented by the Bangko Sentral ng Pilipinas (BSP), the Bankers Association of the Philippines (BAP) yesterday said. According to the BAP, the new policy will...

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