Banking & Finance

The Land Bank of the Philippines is rolling out a wider set of financial support measures to help cushion the impact of rising fuel prices, aligning its programs with the government’s Unified Package for Livelihoods, Industry, Food and Transport (UPLIFT). Land Bank of the Philippines President and CEO Lynette Ortiz said the bank is working closely with the Department of …

The Bureau of the Treasury (BTr) successfully raised ₱25 billion from a dual-tranche issuance of Treasury bonds on Tuesday, reflecting continued investor demand for government securities despite elevated interest rates. The Bureau of the Treasury sold reissued bonds across two tenors, including a four-year-and-two-month paper and a 10-year benchmark bond. The reissued four-year T-bond fetched an average rate of 6.741 …

BDO Unibank reported a modest rise in first-quarter earnings, posting a net income of ₱20.1 billion, up 2 percent from ₱19.7 billion in the same period last year, driven by steady growth across its core lending and deposit businesses. In a disclosure, the bank said net interest income increased by 11 percent, supported by strong expansion in consumer lending. Gross …

The Philippine government has welcomed the inclusion of peso-denominated government bonds in a major global benchmark, a move officials say underscores growing investor confidence in the country’s economic fundamentals. In a joint statement, the Department of Finance (DOF), Bureau of the Treasury (BTr), and Bangko Sentral ng Pilipinas confirmed that J.P. Morgan will add Philippine government bonds to its Government …

The Bangko Sentral ng Pilipinas on Thursday raised its key policy rate by 25 basis points to 4.5 percent, citing worsening inflation pressures driven by rising global oil prices linked to the Middle East conflict. In its latest move, the Monetary Board also adjusted the overnight lending and deposit facility rates to 5 percent and 4 percent, respectively. It was …

The Philippines secured over $6 billion in financing and co-financing support from the Asian Development Bank last year, underscoring continued multilateral backing for key infrastructure, social protection, and resilience programs. According to the ADB’s Annual Report 2025 released Thursday, the country received $4.1 billion in loans and grants from the Manila-based lender, alongside $2.6 billion in co-financing arrangements. Major allocations …

Insured deposits in the Philippine banking system surged to ₱5.2 trillion last year, reflecting stronger depositor protection and growing confidence in the financial sector, the state deposit insurer said. The Philippine Deposit Insurance Corporation reported that the total rose by 40.9 percent from ₱3.7 trillion in 2024, marking a significant expansion of the country’s financial safety net. A key driver …

The Philippine banking system posted stronger asset growth in February, reflecting continued expansion in lending activity and steady investor confidence, according to data from the Bangko Sentral ng Pilipinas. Latest figures showed total banking assets reached ₱29.19 trillion in February, up 8.3 percent from ₱26.95 trillion a year earlier. The total was also slightly higher than the ₱29.11 trillion recorded …

The Bangko Sentral ng Pilipinas (BSP) welcomes Moody’s favorable assessment of the country’s banking system and external accounts.  BSP Governor Eli M. Remolona, Jr. said, “We welcome Moody’s positive assessment. It confirms what we have been seeing: our banks are strong, and our external buffers are solid. At the BSP, we will continue to safeguard financial stability through sound regulations …

The March 2026 inflation of 4.1 percent settled higher than the BSP’s announced forecast range of 3.1 to 3.9 percent, highlighting the upside inflation risks emanating from the global oil price shock. This was largely driven by higher transport-related costs following the sharp increase in domestic fuel prices, alongside higher prices of key food items, particularly rice. The inflation risk …