Banking & Finance

By Jerry Maglunog The 512 rural banks (RBs), fast becoming an endangered breed, are mostly in dire need of white knights, according to the president of the Rural Bankers’ Association of the Philippines (RBAP).

By Riza Lozada Listed Philippine Business Bank Inc. (PBB) had spent P200 million for branch license acquisition in accordance with its prospectus for its initial public offering (IPO) conducted in 2013 that raised P3.008 billion. 

By Jerry Maglunog Investing in the power sector is one that has the fewest risks if one can get the huge capital required. 

By Jerry Maglunog Two of the country’s leading universal banks—Banco de Oro (BDO) and UnionBank of the Philippines (UnionBank)—have just started alliances with other banks.

Banks in the Asia-Pacific region appear fairly well-padded against recent currency depreciations, according to a report, titled “Asia-Pacific Banks Seem Sufficiently Cushioned Against Currency Depreciation,” that Standard & Poor’s Ratings Services (S&P) recently released.

By Jerry Maglunog China’s yuan, now the world’s sixth most traded currency, is just a matter of months away from becoming the fifth unit in the special drawing rights (SDR), which will make it a currency acceptable for global use.

The region’s major multilateral lenders, the Asian Development Bank (ADB) and the Asian Infrastructure Investment Bank (AIIB), have agreed to cooperate to help speed up the development of Asia, mainly through the joint financing of projects.

The Rizal Commercial Banking Corp. (RCBC) has, in more than five decades, provided service excellence to its clients with its wide array of products and services suited to the needs of its diverse clientele. Through the years, RCBC continues its commitment to offer innovative banking solutions that are relevant and beneficial to various market segments. As part of its goal …

By Jerry Maglunog To avoid inconvenience because automated teller machines (ATMs) are limited in some areas in the country, an increasing number of executives are turning to their smartphones to do mobile banking.

The World Bank (WB) is working with the government to develop an insurance and risk-transfer mechanism for national and local governments, businesses and even individual households to help them deal with natural disasters.