Banking & Finance

The Bangko Sentral ng Pilipinas (BSP) is encouraging banks to diversify their financial products as the regulator pushes lower transaction fees to accelerate digital payments and expand financial inclusion. BSP Deputy Governor Mamerto Tangonan said banks should develop more competitive savings, credit, insurance, and investment products to attract more customers as digital banking becomes more affordable and accessible. The call …

MariBank has officially obtained a digital banking license from the Bangko Sentral ng Pilipinas (BSP), becoming the country’s seventh licensed digital bank and marking its transition from a rural bank to a full-fledged digital banking institution. The regulatory approval allows MariBank to expand its digital financial services and reach more customers nationwide as demand for online banking continues to grow. …

The Bank of the Philippine Islands (BPI) is exploring the use of stablecoin technology to make money transfers faster, cheaper, and more efficient as part of its continuing digital transformation strategy. BPI President and Chief Executive Officer TG Limcaoco said the bank is studying stablecoin-based payment rails to improve the movement of funds while maintaining the security and reliability expected …

For many overseas Filipino workers (OFWs), success is no longer measured solely by the amount of money sent home but by the lasting financial security they are able to build for their families through education, homeownership, investments, and retirement planning. Highlighting this shift, BDO Unibank reaffirmed its commitment to helping OFWs achieve long-term financial goals during a thanksgiving event in …

The Chamber of Thrift Banks (CTB) expects the thrift banking sector to sustain its growth this year, driven by rising demand for credit and expanding financial inclusion initiatives. Speaking on the sidelines of the CTB 2026 Convention in Makati City last week, CTB Convention Committee Chairman Manuel Santiago Jr. said the sector’s total assets have grown by 25 percent from …

Bank of the Philippine Islands (BPI) has restored access to all services on its mobile app and online banking platform after a prolonged outage that disrupted transactions Wednesday last week. In a Facebook advisory, BPI said its digital banking services were fully restored as of 9:30 p.m. The disruption occurred for most of the day, which coincided with payday for …

The total assets of the Philippine banking system expanded by more than 11 percent in May, surpassing the ₱30-trillion mark for the first time, according to data released by the Bangko Sentral ng Pilipinas (BSP). BSP figures showed total bank assets reached ₱30.4 trillion in May, up from ₱27.3 trillion in the same month last year. The latest figure also …

Philippine National Bank (PNB) has partnered with the Top Line Group of Companies to establish a comprehensive retirement program designed to enhance the long-term financial security of the company’s employees. The initiative underscores PNB’s commitment to providing integrated financial solutions that promote both organizational growth and employee well-being. It also reinforces Top Line Group’s efforts to strengthen its employee benefits …

The Philippines’ gross international reserves (GIR) rose to a three-month high of USD104.8 billion as of end-June, boosted by higher government foreign currency deposits and investment earnings, the Bangko Sentral ng Pilipinas (BSP) said. Preliminary data released by the BSP showed that the country’s foreign exchange reserves increased from the previous month, marking the highest level since the USD106.6 billion …

Bank lending and domestic liquidity expanded at a faster pace in May, signaling stronger credit activity and improving economic momentum as earlier policy rate cuts by the Bangko Sentral ng Pilipinas (BSP) continued to gain traction. Preliminary BSP data released Tuesday night showed that loans extended by universal and commercial banks grew by 12.1 percent in May, quicker than the …