Banking & Finance

The Philippines has secured €200 million, or about ₱14 billion, in financing from France’s development bank to strengthen marine ecosystem protection and create more sustainable economic opportunities in coastal communities. The Department of Finance said last week that the funding from Agence Française de Développement (AFD) will support the first phase of the Marine Ecosystem for Blue Economy Development (MEBED …

BDO Unibank is celebrating its 50th anniversary with a raffle promotion offering five Toyota Ativ Hybrid cars and 250 SM Gift Certificates worth ₱5,000 each to qualified clients. The anniversary promo will run from September 2026 to January 2027, with four monthly draws and a grand draw scheduled during the five-month period. Existing BDO Unibank and BDO Network clients may …

Bank of the Philippine Islands (BPI) is simplifying digital bank account opening by integrating the Philippine Identification System (PhilSys) into its mobile application as the bank celebrates 175 years of service. BPI and the Philippine Statistics Authority (PSA) formalized the partnership through the signing of a Subscription Contract covering the bank’s adoption of the National ID Authentication Services (NIDAS), which …

Philippine Savings Bank (PSBank) posted a net income of ₱1.3 billion in the first half of 2026, as resilient core revenues and continued growth in loans and deposits helped sustain the bank’s performance despite challenging market conditions. Net interest income rose 2 percent year-on-year to ₱6.7 billion, while total assets reached ₱234 billion as of end-June, up 5 percent from …

Growth in bank lending and domestic liquidity slowed in June as businesses and consumers turned more cautious in borrowing despite continued expansion in economic activity, according to the Bangko Sentral ng Pilipinas (BSP). Data released by the BSP showed outstanding loans extended by universal and commercial banks reached ₱14.88 trillion in June, up 9.8% from a year earlier but slower …

Philippine National Bank (PNB) posted a 17% increase in net income to ₱14.6 billion in the first half of 2026, driven by higher lending, stronger fee-based income and improved asset quality. The bank’s return on equity improved to 12.1% from 11.4% a year earlier as operating revenue increased by ₱3.3 billion. Net interest income rose 7%, supported by a 12% …

LANDBANK has expanded its support for local governments in the Visayas, extending ₱33.4 billion in financing while strengthening its digital banking network to help cities fast-track infrastructure projects, improve public services and promote inclusive economic growth. The state-run bank highlighted its financing and digital solutions during the League of Cities of the Philippines’ 82nd National Executive Board Meeting and 2nd …

More than 1,000 Dumagat-Remontado families in the mountainous areas of Quezon are set to benefit from a solar lighting initiative aimed at improving daily life in off-grid communities, as BDO Life marks its 50th anniversary with a program that combines financial protection with community development. Through its “Lights for Life” campaign, BDO Life has partnered with One Million Lights Philippines …

Seven Philippine publicly listed companies have earned spots in Forbes Asia’s “Best Under a Billion” 2026 list, which recognizes 200 top-performing small and mid-sized companies across the Asia-Pacific region. The annual ranking features companies with annual sales ranging from $10 million to $1 billion that have demonstrated strong financial performance and sustained growth. Among the Philippine firms included this year …

Most Philippine banks expect to maintain their lending standards in the third quarter of 2026, signaling continued stability in the country’s banking system despite lingering geopolitical uncertainties, according to the latest Bangko Sentral ng Pilipinas (BSP) survey. Results of the BSP’s Senior Bank Loan Officers’ Survey (SLOS), released on Thursday, showed that 75.5 percent of respondent banks expect no change …