BSP approves reputational risk management guidelines
The Monetary Board approved the guidelines on reputational risk management which set out the supervisory expectations for Bangko Sentral ng
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Banking
BSP maintains ceilings on credit card transactions
The Monetary Board maintained the credit card ceilings on credit card transactions under Circular No. 1098 dated 24 September 2020.
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BDO and American Express bring Shop Small to the Philippines
BDO and its partner American Express are coming together to support local businesses, which have been hit hardest by the
Read moreTonik Launches as First Neobank in the Philippines
With game-changing deposit interest rates of up to 6% p.a., Tonik offers deposit, payment, and card products to consumers through its revolutionary proprietary app. Manila, 18 March 2021 –
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PNB posts P2.6 billion net income for 2020
Philippine National Bank (PSE: PNB) closed the year 2020 with a net income of P2.6 billion, 73% lower than that
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SSS taps BPI as new payment gateway in mobile app
The Social Security System (SSS) has added the Bank of the Philippine Islands as a new payment channel for members
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PNB CEO Wick Veloso elected BAP President
Member banks of the Bankers Association of the Philippines (BAP) elected Jose Arnulfo “Wick” A. Veloso, Philippine National Bank’s President
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BPI lead economist sees continued Philippine economic improvement
Bank of the Philippine Islands’ (BPI) lead economist Jun Neri sees a strong but only partial recovery of 2019 output
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China Bank nets P12.1 billion in 2020, up 20%; hits P1 trillion in assets
China Banking Corporation (China Bank, PSE symbol: CHIB) concluded a challenging year with P12.1 billion net income, 20% higher compared
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BSP creates Payments and Currency Management Sector, names new deputy governor
The Bangko Sentral ng Pilipinas (BSP) has recently established the Payments and Currency Management Sector (PCMS) which is tasked to
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BDO posts P28.2 billion net income in 2020
BDO Unibank, Inc. (BDO) posted a net income of P28.2 billion in 2020 from P44.2 billion in 2019, due mainly
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SEC releases draft implementing rules of FIST Act
The Securities and Exchange Commission (SEC) has released the draft Implementing Rules and Regulations (IRR) of Republic Act No. 11523,
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No ATM card needed? BDO offers QR Code withdrawals from select BDO ATMs
Clients can now make card-less, QR Code-based withdrawals from select BDO ATMs. “Withdrawing using QR Codes is now available in
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Higher range of ATM fees expected starting from April 7
Starting April 7 this year, banks shall adopt acquirer-based ATM fee charging (ABFC), which is one of the requirements of
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BSP allows lower minimum opening amount for investment management activities
The Monetary Board (MB) approved the reduction of the minimum account opening amount for investment management activities from P1 million
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BPI nets P21.4 billion for 2020 amid economic slowdown
Bank of the Philippine Islands posted Net Income of P21.4 billion in 2020, a 25.7% decline from the P28.8 billion
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BSP Establishes Guidelines on Virtual Asset Service Providers
The Monetary Board (MB) approved the guidelines on virtual asset service providers (VASP), or entities that facilitate financial services through
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PNB is extending the waiver of fees for InstaPay & PesoNet until March 31, 2021
Philippine National Bank (PNB) is further extending the waiver for InstaPay and PesoNet fund transfer fees until March 31, 2021
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Select China Bank branches open for the holidays
China Bank will continue to serve customers this holiday season. Select branches, mostly those located in malls, will be open
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BPI announces leadership transition: TG Limcaoco to succeed Bong Consing
At their year-end meeting Wednesday, the Board of Directors of the Bank of the Philippine Islands unanimously approved the succession
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