BDO Unibank has been commended by Singapore-based publication Asian Banking & Finance (ABF) for its resourcefulness in delivering its services to clients and communities even at the height of the pandemic. At the recently held Asian Banking and Finance Wholesale and Retail Banking Awards 2021,...
Cybercriminals now target mobile banking in the Philippines and Southeast Asia to steal money as the continuing pandemic forces people to pay online. Mobile banking Trojan attacks in the region surged 60 percent in the 2nd quarter of 2021 versus the same period last year, according to global...
Moody's Investors Service has affirmed the investment grade credit rating, with stable outlook, of China Banking Corporation (China Bank) on the back of the Bank’s strong capitalization, profitability, and liquidity amid the COVID-19 pandemic. 31493 In its September 3, 2021 report, Moody’s...
RCBC RCBC Bankard Services Corporation, the credit card arm of the Rizal Commercial Banking Corp. (RCBC) has snatched the Mobile Banking and Payment Initiative of the Year at the Asian Banking and Finance’ (ABF) 2021 Wholesale Banking Awards and Retail Banking Awards. In giving the award, ABF,...
Filipinos are demanding a shorter online application process when opening a bank account, with three in five expecting to answer 10 questions or less or they will abandon the process. This, while one in five Filipinos will back out from opening a bank account via a mobile app or website if asked...
SM Investments Corporation (SMIC) reported a 183 percent jump in consolidated net income to P20.1 billion in the first half of 2021 from the P7.1 billion earned in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said consolidated revenues rose 4 percent to...
China Banking Corporation has been named by the Bangko Sentral ng Pilipinas (BSP) as an outstanding stakeholder. This is in recognition of the Bank’s strong support for the BSP’s programs and initiatives to build an inclusive and increasingly digital Philippine economy. China Bank Chairman Hans...
China Banking Corporation reported a 39 percent jump in net income to P7.3 billion in the first half of 2021 despite higher provisions as its core businesses delivered strong performances. In a disclosure to the Philippine Stock Exchange, the bank said this translated to an improved return on...
Some senators on Thursday have called on the country’s banks to take responsibility for the operations of their “cash agents” to make sure that the banking public is protected, especially those who rely on “padala” or money sent by relatives to help them get by during the coronavirus...
Robinsons Bank (RBank), the financial services arm of the Gokongwei Group, has once again caught the eye of the global landscape with its various product innovations that have earned distinction in 2021. RBank was recognized as “Most Innovative Digital Banking Services – PH 2021”...
Tech firm Voyager Innovations raised US$167 million (P8.15 billion) to establish a digital bank via its financial technology arm, PayMaya Philippines (PayMaya). Existing shareholders PLDT Inc., global investment firm KKR and leading Chinese tech firm Tencent participated in the fund-raising, which...
Four major foreign banks will finance businessman Dennis Uy’s $460 million acquisition of the 45-percent stake of Shell Philippines Exploration B.V. (SPEX) in the Malampaya gas field facility. Highly placed sources from Singapore...
