Banking & Finance

The Land Bank of the Philippines (LANDBANK) announced that all new customers applying for a LANDBANK deposit account shall be provided a cardless account, effective 04 October 2022.  New account holders will be enrolled in the LANDBANK iAccess and Mobile Banking App (MBA), and will benefit from having convenient access to digital banking services, including inter-bank transactions via InstaPay and …

In partnership with the Department of Agriculture (DA), the Land Bank of the Philippines (LANDBANK) continues to ramp up the distribution of cash grants to farmer-beneficiaries under the Rice Competitiveness Enhancement Fund – Rice Farmers Financial Assistance (RCEF-RFFA) Program.  As of 30 September 2022, LANDBANK has produced Intervention Monitoring Cards (IMCs) for 54,188 beneficiaries nationwide, of which 26,523 hail from …

The Regional Trial Court (RTC) of Cabugao, Ilocos Sur (Branch 24) convicted former officers of the now closed Rural Bank of Magsingal, Inc. (RB Magsingal) for violation of Republic Act (RA) No. 8791 (The General Banking Law of 2000), in relation to RA No. 7653, as amended (The New Central Bank Act), and the Manual of Regulations for Banks (MORB) issued by the Bangko Sentral ng Pilipinas (BSP). RTC …

Bangko Sentral ng Pilipinas (BSP) Governor Felipe M. Medalla  (above) said banking regulations are accompanied by initiatives that  support the country’s shift from a cash-heavy to a cash-lite economy. During  a recent conference by “The Asian Banker,” the Governor explained that the  BSP is pursuing these initiatives under its Digital Payments Transformation  Roadmap. The Roadmap aims to digitalize at least …

Want to earn money? Want the secret to stay on budget? Want to start investing? Interested to learn the differences between stocks and bonds? Want to know how much you need to retire early and in style?  We want to learn. And clearly, we need to learn—if we based it on the Bangko Sentral ng Pilipinas (BSP) 2019 Financial Inclusion …

Finance Secretary Benjamin Diokno expressed optimism that the country’s improving investment climate will enable the government to reach its medium term goals. “As we improve the investment attractiveness of our domestic economy, I am confident that we will be able to meet the growth targets indicated in our Medium-Term Fiscal Framework,” said Secretary Diokno in a pre-recorded keynote during the …

In compliance with the directive of President Ferdinand R. Marcos, Jr., Agrarian Reform Secretary Conrado M. Estrella III and Land Bank of the Philippines (LANDBANK) President and CEO Cecilia C. Borromeo, today, September 28, 2022, signed the Joint Administrative Order providing the implementing rules and regulations (IRR) for Executive Order No. 4 Series of 2022, which declares a moratorium on …

State-run Land Bank of the Philippines (LANDBANK) remains aggressive in extending affordable financing for individual farmers and fishers, and other players in the agriculture value chain through loan programs jointly implemented by the Bank with the Department of Agriculture (DA).  The third run of the LANDBANK AgriSenso Virtual Forum on 19 September 2022 featured loan availers, namely Kuvi Integrated Farm …

To prioritize the safety of our customers and Metrobankers, affected Metropolitan Bank & Trust Co. (Metrobank) branches by typhoon Karding (international name: Noru) in Northern and Southern Luzon will be closed today, September 26. Meanwhile, Metrobank Online—its internet banking platform—the Metrobank Mobile app, Metrobank’s automated teller machines (ATM) and cash acceptance machines (CAM) are online and available for customers to …

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