Tag page - Banking system

Senator Sherwin Gatchalian on Wednesday, January 4 expressed concern the system glitch that hit the Bank of Philippine Islands (BPI) would erode the confidence of its customers in the country’s banking system. Gatchalian said the Ayala Group-owned bank should immediately deal with their...

In 2021 amid a crippling coronavirus pandemic, the Philippine Deposit Insurance Corporation (PDIC) revised its vision to enhance its effectiveness. The revised vision states: “By 2023, the PDIC will be a leading institution in governance, recognized for its operational excellence in depositor...

Senate Finance Committee head Senator Sonny Angara on Monday assured that the latest amendments to the Philippine Deposit Insurance Corporation (PDIC) charter will result in a stronger and more resilient banking system in the country. Angara said the Senate's approval of Senate Bill No. 2365 on...

Philippine banks are not only strong but resilient enough to withstand the pandemic-hit financial market and to help prop up an economy in recession, said Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno. “While the impact is still unfolding, the good news is that the financial...