Banking & Finance

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 …

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 …