Banking & Finance

BDO Unibank Inc. (BDO) was recognized as the Best Bank in the Philippines for the 12th year by Hong Kong-based institutional investment publication Alpha Southeast Asia at the 17th Best Financial Institution Awards 2023.  BDO is the country’s largest bank in terms of total assets, loans, deposits and trust funds under management. The Bank has the country’s largest distribution network, …

The Yuchengco family is offering an exclusive insight into their privately held art collection, including never-before-seen artworks by Helen Yuchengco Dee, in an exhibit held at the Yuchengco Museum in Makati. Dubbed “Timeless Collections,” the exhibition stands as a remarkable celebration of art, culture, and history. Along with Dee’s paintings are the distinguished masterpieces of national artist Fernando Amorsolo and …

Rizal Commercial Banking Corporation (RCBC) adds another award to its roster of global and regional achievements after it bagged the International Innovation Awards for the RCBC DiskartechPreneur bootcamp program, a business case competition launched by the bank to train future entrepreneurs expand their business practices and improve their business acumen leveraging on digital platforms. RCBC’s nomination for DiskartechPreneur competed against …

Metrobank was recently recognized by Euromoney for its excellence in providing cash management services to businesses across the Philippines, in the publication’s 2023 Cash Management Survey for Non-Financial Institutions.   Euromoney surveyed over 29,000 respondents – including cash managers, treasurers and financial officers worldwide to rank and assess their top providers of cash management services. In the said survey, Metrobank ranked …

The Land Bank of the Philippines (LANDBANK) continues to advance financial inclusion in the country with the opening of its newest branch in the first-class town of Monkayo in the province of Davao de Oro. Located in Barangay Poblacion, the LANDBANK Monkayo Branch makes banking services more convenient to clients from the 73 combined barangays of Monkayo and the neighboring …

Security Bank Corporation (PSE:SECB) has been ranked the second best employer in the Philippines and the 54th best employer globally on Forbes’ World’s Best Employers 2023 list.   The ranking was based on results from an extensive independent survey of over 170,000 employees across 55 countries by Forbes and market research company Statista. Respondents were asked to rate their willingness …

State-owned Development Bank of the Philippines (DBP) has extended a P1.4-billion loan to a top renewable energy firm as partial funding to construct a 8.4-megawatt hydroelectric power plant in Bukidnon in line with the National Government’s efforts to expand new and sustainable energy sources, a top official said. DBP President and Chief Executive Officer Michael O. de Jesus said the …

Personal remittances from Overseas Filipinos (OFs) in September 2023 reached US$3.23 billion, 2.6 percent higher than the US$3.15 billion recorded in the same month last year. The growth in personal remittances in September 2023 was driven by increased remittances from 1) land-based workers with work contracts of one year or more and 2) sea- and land-based workers with work contracts of less than …

Preliminary data showed that domestic liquidity (M3) grew by 7.9 percent year-on-year to about ₱16.6 trillion in September  from 6.8 percent in August. On a month-on-month seasonally-adjusted basis, M3 increased by about 1.0 percent. Domestic claims expanded by 9.5 percent year-on-year in September from 9.3 percent (revised) in the previous month. Claims on the private sector grew by 6.3 percent …

Flexing once more its digital capabilities, Rizal Commercial Banking Corp (RCBC) introduces a business solution which redefines the landscape of financial management, spurring business growth for the agile, tech-savvy generation of the Philippines. The all-new RCBC Boz app, an all-in-one tool is designed to empower forward-thinking entrepreneurs, freelancers or even those with side hustles, by allowing them to easily keep …