The Lucio Tan Group’s (LTG) lender, Philippine National Bank (PNB), has entered into a strategic partnership with Discovery Capital Finance Corp. (DCFC) through the signing of a loan facility agreement to boost financial support for small and medium enterprises (SMEs). The new loan facility...
Ayala-led Bank of the Philippine Islands (BPI) continues to consolidate its businesses, this time with the planned merger of BPI Direct BanKo Inc., A Savings Bank (BanKo) and Legazpi Savings Bank Inc. (LSB), with BanKo as the surviving entity. In a disclosure to the Philippine Stock Exchange (PSE),...
Aboitiz-led Union Bank of the Philippines (UnionBank) has launched the country’s first payroll account opening solution that requires no more manual intervention, cutting turnaround time to 24 hours from the industry norm of two weeks. “With Zero-Touch Onboarding, we’ve reimagined one of the...
Bank of the Philippine Islands’ microfinance arm, BPI Direct BanKo Inc., A Savings Bank (BanKo), has enlisted NASDAQ-listed ACI Worldwide to advance its payment infrastructure, according to a statement. Under the partnership, BanKo will implement ACI’s issuing and acquiring platform, which is...
Philippine National Bank (PNB), the banking arm of the Lucio Tan Group, has successfully raised ₱15.7 billion from its return to the domestic debt capital market, its first since 2019. In a disclosure to the Philippine Stock Exchange, the lender said the amount was raised via a dual-tranche,...
Ayala-led Bank of the Philippine Islands (BPI) has partnered with Savers Depot to launch the retail chain’s branches as BPI partner stores, bringing convenient, secure, and accessible banking services closer to more Filipinos in Visayas and Mindanao. Through this collaboration, Savers Depot...
Globe and the Bank of the Philippine Islands (BPI) have taken a significant step toward more secure and seamless digital banking with a Proof of Concept (POC) for Silent Network Authentication (SNA). This next-generation verification method aims to reduce scams associated with One-Time Passwords...
Japanese financial giant MUFG Bank Ltd. said investors have turned pessimistic following heightened political risks, but the relative strength of the Philippine peso is buoying sentiment. “Political risks are escalating as street protests call for President Ferdinand Marcos Jr.’s resignation...
State-run Development Bank of the Philippines (DBP) will continue to seek regulatory and dividend relief for several more years as it aims to recover the capital it infused into the Maharlika Investment Corp. (MIC). DBP President and Chief Executive Officer Michael O. de Jesus told reporters last...
State-run Development Bank of the Philippines (DBP) is looking at issuing peso-denominated bonds next year as part of its fundraising efforts to recoup the ₱25-billion capital it injected into Maharlika Investment Corp. (MIC). On the sidelines of the DBP’s event, DBP Executive Vice President...
GoTyme Bank, the digital banking arm of the Gokongwei Group, has launched Go Crypto, a new feature within its app allowing Filipinos nationwide to own and manage cryptocurrency investments. Built on regulatory compliance and security, Go Crypto offers users a way to explore crypto investing with...
The Bank of the Philippine Islands (BPI) has reopened its Buendia Center branch, transforming the facility into the finance giant’s first full “phygital” flagship that integrates digital convenience with personalized in-branch service. Located in the BPI Buendia Center corporate building,...
