Banking & Finance

Filipinos saving for retirement now have another option as time deposits have been added to the list of investment products eligible under the Personal Equity and Retirement Account (PERA), according to the Bangko Sentral ng Pilipinas (BSP). The BSP said the move expands the choices available to Filipinos who want to build retirement funds while taking advantage of government tax …

State-run Philippine Guarantee Corporation (PHILGUARANTEE) expanded its support for home financing in the first half of the year, with the value of housing loans it guaranteed reaching ₱313.77 billion, up 9.44 percent from the same period last year. The agency said last week that the increase reflected its broader efforts to make housing credit more accessible, including guaranteed socialized housing …

East West Banking Corporation (EastWest) is seeking to raise about ₱9 billion through a proposed stock rights offering, giving existing shareholders an opportunity to participate in the bank’s next phase of expansion while providing fresh capital for growth. The bank’s Board of Directors approved the proposed offering on Aug. 27, 2026, subject to the filing of required applications and regulatory …

More than 211,000 new accounts have been opened through LANDBANK and the Overseas Filipino Bank (OFBank) without customers presenting or uploading a physical government-issued ID, just a month after the launch of a National ID-enabled digital onboarding service. The milestone highlights the growing demand for faster and more accessible banking services, particularly as government agencies expand the use of digital …

Bank of the Philippine Islands (BPI) is giving its customers a faster way to pay with their smartphones as BPI Debit Mastercard holders can now link their cards to Google Wallet and use Google Pay for everyday purchases. Rolled out on April 15, the service allows Android users with NFC-enabled smartphones to make contactless payments without having to pull out …

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. …