Senator Sherwin Gatchalian on Wednesday appealed to the Bangko Sentral ng Pilipinas (BSP) and the banking community to suspend the collection of fees on online money transfers while COVID-19 cases continue to rise. Gatchalian said it would also be better if financial institutions and companies...
China Banking Corp. (China Bank) has been named the Best Bank in the Philippines by Hong Kong-based financial publication The Asset—besting the largest banks in the country. China Bank President William Whang In a statement, the bank said subsidiary China Bank Capital was also named the Best Bond...
Offering invaluable service to Cebuanos after ‘Odette’ Marking another milestone in its bank transformation efforts, Aboitiz-led Union Bank of the Philippines (UnionBank) opened its 150th Ark branch in Cebu last November 29, 2021. Aimed at continuing to provide superior customer experience in...
Senator Sherwin Gatchalin on Tuesday urged the banking industry to invest more on modern security banking solutions to induce confidence among financial consumers. Rather than telling the public how to avoid being a victim of cybercriminals, Gatchalian said banks should prioritize the protection of...
Senator Sherwin Gatchalian on Sunday urged the Bangko Sentral ng Pilipinas (BSP) to ensure that financial consumers who were victimized by the recent online banking hacking incident are protected while its investigation is ongoing. Gatchalian said he is considering filing a resolution seeking a...
Debt-watcher Moody's Investors Service has affirmed China Banking Corp.’s investment grade credit rating in view of its improved capital and profitability to mitigate risks to asset quality. In a statement, China Bank said that in maintaining the its deposit and issuer ratings at Baa2 with a...
Editorial Responding to an advisory of the Philippine Statistics Authority (PSA) that all government and private entities should accept the Philippine Identification Card (PhilID) as proof of identity, the Bangko Sentral ng Pilipinas (BSP) ordered all banks and financial institutions under its...
One of the top financial institutions in the Philippines organized a theatrical performance to promote some of its services THEATER FEST From left: Audie Gemora, Menchu Lauchengco-Yulo, and Jaime Del Mundo With a legacy of more than 156 years, HSBC has come to be known as one of the most trusted...
China Banking Corporation posted a 35 percent growth in consolidated net income to P11.2 billion for the January to September 2021 period on the back of sustained core business growth and effective cost management. In a disclosure to the Philippine Stock Exchange, the bank said it was able to ride...
Amid the challenges of COVID-19, China Banking Corporation (China Bank) landed in The Asian Banker’s Top 500 Strongest Banks ranking for 2021 as the second strongest bank in the Philippines in terms of balance sheet. China Bank is also in the top 20 percent of the 500 strongest banks in the Asia...
China Banking Corporation (China Bank) has received the highest issuer rating of PRS Aaa (corp.) with a Stable Outlook from Philippine Rating Services Corporation (PhilRatings). One of the country’s leading private universal banks with a strong franchise in the Chinese-Filipino market China Bank...
media Increased cashless payments in Asia Pacific (APAC) during the pandemic made the region a hotspot for banking Trojans, one of the most dangerous malware used to steal money from users’ bank accounts. And the Philippines logged the highest number of unique users attacked in APAC by all...
