Banking & Finance

Bank deposits in the Philippines surged 9.8 percent year-on-year to ₱22.04 trillion as of end-March 2026, nearly doubling the previous year’s growth rate and signaling sustained confidence in the banking system. The Philippine Deposit Insurance Corporation (PDIC) said total deposits increased by ₱1.97 trillion from ₱20.1 trillion a year earlier. The growth was almost twice the 5.3 percent, or ₱1 …

September brings a fresh set of deals for Metrobank customers as the bank celebrates its 64th anniversary with special offers covering shopping, dining, travel and major financial purchases. The anniversary promotions give Metrobank credit cardholders opportunities to earn cashback on weekend and weekday spending. Cardholders can get up to ₱1,500 cashback on accumulated local straight purchases from Friday to Sunday, …

Security Bank Corporation is pursuing a focused three-year growth strategy centered on wealth management, entrepreneur banking, and corporate and institutional banking as it seeks to capture emerging opportunities in the Philippine banking market. The strategy, presented during Investor Day 2026, comes as the bank marks its 75th anniversary and reports strong first-half results, including net income of ₱6.1 billion, revenues …

Chinabank’s net income rose 11 percent to ₱14.5 billion in the first half of 2026, fueled by strong lending growth, an expanding balance sheet and improved risk management. The bank reported a 15.1-percent return on equity and a 1.6-percent return on assets for the period. Net interest income increased 14 percent to ₱39.7 billion as net interest margin widened to …

Philippine Savings Bank (PSBank) posted net income of ₱1.3 billion in the first half of 2026 as core revenues remained resilient despite challenging market conditions. Net interest income rose 2 percent year-on-year to ₱6.7 billion, while total assets expanded 5 percent to ₱234 billion as of June 30, 2026. Total gross loans edged higher to ₱153 billion, supported by continued …

Filipinos saving for retirement now have another option as time deposits have been added to the list of investment products eligible under the Personal Equity and Retirement Account (PERA), according to the Bangko Sentral ng Pilipinas (BSP). The BSP said the move expands the choices available to Filipinos who want to build retirement funds while taking advantage of government tax …

State-run Philippine Guarantee Corporation (PHILGUARANTEE) expanded its support for home financing in the first half of the year, with the value of housing loans it guaranteed reaching ₱313.77 billion, up 9.44 percent from the same period last year. The agency said last week that the increase reflected its broader efforts to make housing credit more accessible, including guaranteed socialized housing …

East West Banking Corporation (EastWest) is seeking to raise about ₱9 billion through a proposed stock rights offering, giving existing shareholders an opportunity to participate in the bank’s next phase of expansion while providing fresh capital for growth. The bank’s Board of Directors approved the proposed offering on Aug. 27, 2026, subject to the filing of required applications and regulatory …

More than 211,000 new accounts have been opened through LANDBANK and the Overseas Filipino Bank (OFBank) without customers presenting or uploading a physical government-issued ID, just a month after the launch of a National ID-enabled digital onboarding service. The milestone highlights the growing demand for faster and more accessible banking services, particularly as government agencies expand the use of digital …

Bank of the Philippine Islands (BPI) is giving its customers a faster way to pay with their smartphones as BPI Debit Mastercard holders can now link their cards to Google Wallet and use Google Pay for everyday purchases. Rolled out on April 15, the service allows Android users with NFC-enabled smartphones to make contactless payments without having to pull out …