Banking & Finance

Consumer finance platform BillEase has secured a ₱1-billion credit facility from Philippine National Bank (PNB) to expand financing options and access to credit for Filipino consumers. BillEase said Thursday that the facility uses the Personal Property Security Registry (PPSR) to give PNB a secured interest in the company’s consumer loan receivables. Under the arrangement, BillEase will maintain a pool of …

The Philippine Deposit Insurance Corporation (PDIC) will auction 70 properties across Luzon through electronic public bidding on Sept. 23 to 24, offering residential, agricultural and mixed-use properties to prospective buyers. The auction includes 51 residential properties, 17 agricultural properties and one mixed residential/agricultural property located in Albay, Batangas, Camarines Sur, Isabela, Laguna, Palawan, Pangasinan, Romblon and Sorsogon. A 240-square-meter commercial …

Bank of the Philippine Islands (BPI) has partnered with Gogolook to strengthen its digital banking ecosystem and give customers added protection against scams and fraud. Under the partnership, qualified BPI customers will receive 12 months of free access to Whoscall Premium Basic, an anti-scam application that can block spam and scam calls, identify unknown callers and filter suspicious messages. BPI …

BDO Pay has been named Best Digital Wallet in the Philippines at The Asian Banker Philippine Awards 2026, recognizing its efforts to make everyday payments and banking transactions more convenient for customers. The digital wallet allows users to access their BDO accounts and cards through a single application without the need to cash in before making payments. Customers can pay …

The state-owned Development Bank of the Philippines (DBP) is stepping up efforts to generate more deposits to strengthen its funding base and expand financing for high-impact development projects, a top official said. DBP President and Chief Executive Officer Michael O. de Jesus said the bank launched its “Save 2 Win” campaign to attract fresh deposits from individual and institutional clients. …

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 …