Banking & Finance

Metropolitan Bank & Trust Co. (Metrobank) has launched a new digital financial literacy campaign designed to help Filipinos make smarter financial decisions and protect themselves from online scams, debt traps, and misleading financial advice. In a news release on Wednesday, Metrobank introduced “Earnest,” a digital financial guide and avatar that delivers practical and easy-to-understand content on personal finance, fraud prevention, …

State-owned Land Bank of the Philippines (LandBank) started eliminating fees for all online fund transfers on July 7, allowing retail clients to send money for free through its Mobile Banking App (MBA) and iAccess via InstaPay and PESONet. In a statement, LandBank said the zero-fee policy also covers clients of Overseas Filipino Bank (OFBank), enabling Filipinos abroad to transfer funds …

Philippine National Bank (PNB) earned two major honors at the Asian Banking & Finance Awards 2026, recognizing the bank’s efforts to strengthen its retail banking business and expand financial inclusion through digital innovation. The Lucio Tan-led bank was named Domestic Retail Bank of the Year – Philippines under the Retail Banking Awards and Financial Inclusion Initiative of the Year – …

The Bangko Sentral ng Pilipinas (BSP) has issued a memorandum granting temporary regulatory relief to banks and quasi-banks to cushion the impact of market volatility linked to the Middle East conflict. Under Memorandum 2026-027, financial institutions may temporarily exclude certain unrealized losses—or “paper losses”—on peso government securities from the computation of their regulatory capital. Unrealized losses refer to declines in …

More overseas Filipino workers (OFWs) are preparing for life after working abroad by exploring ways to save, invest, and create sustainable income sources. At the OFW Kabuhayan Expo 2026, BDO Unibank, together with its partner Xoom, joined other organizations in promoting financial preparedness among migrant workers. “We want to help OFWs make the most of every remittance—not only to support …

Nearly 500 solo parents in Naga City now have a secure, cash-lite way to receive government assistance through newly opened LANDBANK PISO (Perang Inimpok Savings Option) accounts. The initiative, formalized through a Memorandum of Agreement on April 29, 2026, between Naga City Mayor Atty. Maria Leonor “Leni” G. Robredo and LANDBANK President and CEO Lynette V. Ortiz, integrates beneficiaries into …

Philippine National Bank (PSE: PNB), in partnership with JCB International Co., Ltd. (JCBI), has introduced the PNB JCB Platinum credit card, designed to match the evolving spending habits of Filipino consumers. As more users balance digital, in-person, and international transactions, the card supports everyday purchases while offering added convenience for travel and bigger expenses. It features rewards earning, flexible payment …

The Philippine banking sector remains capable of weathering potential economic shocks despite emerging risks to credit quality, the Bangko Sentral ng Pilipinas said on Friday. The statement came after Fitch Ratings warned that recent economic headwinds could lead to higher loan impairments and weaker profitability among local banks this year. Monetary authorities said they continue to closely monitor developments affecting …

The Overseas Workers Welfare Administration (OWWA) and BDO Unibank are strengthening efforts to help overseas Filipino workers (OFWs) prepare for life after employment abroad, focusing on financial literacy, skills development, and entrepreneurship as part of long-term reintegration programs. OFWs continue to leave the country in search of higher-paying jobs overseas, enabling them to support their families’ basic needs, education, and …

The Monetary Board of the Bangko Sentral ng Pilipinas (BSP) on Thursday raised its key policy interest rates by 25 basis points, citing continued inflationary pressures driven by elevated global oil and fertilizer prices. The latest adjustment brings the BSP’s target reverse repurchase (RRP) rate to 4.75 percent. Correspondingly, the overnight deposit facility rate was increased to 4.25 percent, while …