Small banks now lending more to SMEs
The country’s rural and cooperative banks remain stable and are in a strong position to support the financing needs of micro, small and medium enterprises as well as large firms…
Small banks now lending more to SMEs thanks to BSP’s reserve cuts
MANILA, Philippines — The country’s rural and cooperative banks remain stable and are in a strong position to support the financing needs of micro, small, and medium enterprises as well…
EastWest Bank’s H1 profit up 65%
Gotianun-led EastWest Bank grew its first semester net profit by 65 percent year-on-year to P4.5 billion as earnings from core lending and securities trading accelerated at a double-digit pace. This…
Banks snared by Hong Kong sanctions laws as US-China spat spirals
HONG KONG — International banks in Hong Kong are caught in the crossfire of competing laws enacted by the United States and China as the superpowers clash over the city’s…
Local banks seen weathering COVID-19 crisis well
The local banking system is well-positioned to withstand the shocks brought about by the COVID-19 crisis as its resources continue to increase, the Department of Finance (DOF) said Friday. In…
Meet ‘BOB’, BSP’s chatbot to help consumers in complaints vs banks, financial firms
The Bangko Sentral ng Pilipinas (BSP) is now pilot testing an automated “chatbot” that will assist consumers in their complaints against banks and other financial institutions under the supervision of…
BSP eases credit curbs for banks providing bond market liquidity
MANILA, Philippines — The cap imposed by regulators that limits financial institutions’ exposures to too much credit risk from a single entity will be lifted temporarily for debt securities used…
Pandemic drove banks to narrow credit for first time in 11 yrs, says BSP survey
No thanks to the ongoing COVID-19 pandemic, Philippine banks tightened their loan standards unequivocally for the first time in the 11 years that the Bangko Sentral ng Pilipinas (BSP) has…
Thailand: Banks extend helping hand to over 10 million debtors
The Nation/Asia News Network BANGKOK — Banks have provided financial aid worth a total of Bt6.7 trillion ($211.7 billion) to more than 10 million debtors suffering from the impact of…
BSP releases P10B into economy with reserve requirement cut for smaller banks
BSP Governor Benjamin Diokno. INQUIRER file photo / EARVIN PERIAS MANILA, Philippines — The central bank on Tuesday ordered the release of more liquidity into the local economy, this time…