The Philippine banking system’s total assets climbed to ₱30.12 trillion as of end-April, driven by sustained growth in lending and strong liquidity, with investment holdings continuing to support the economy. The latest preliminary Bangko Sentral ng Pilipinas (BSP) data showed banks’ combined...
The Philippine Amusement and Gaming Corp. (Pagcor) is expanding its anti-money laundering network to include banks and e-wallets, stepping up oversight of the country’s fast-growing electronic gaming sector. The state-run regulator published a memorandum detailing amendments to its existing...
Trusting Social Philippines is targeting partnerships with the country’s 10 largest banks, part of a broader push to deepen its footprint in the local financial market with artificial intelligence-driven (AI) risk and identity solutions. The Singapore-based financial technology firm has so far...
Philippine financial system’s total resources swelled to ₱37.45 trillion in the first quarter of 2026, fueled by resilient banking sector that managed to outpace macroeconomic headwinds and heightened geopolitical tensions in the Middle East. Preliminary data from the Bangko Sentral ng...
The Bangko Sentral ng Pilipinas (BSP) is pushing to integrate mandatory sustainability and climate-related reporting standards into the domestic banking sector as early as 2027, aligning the country’s financial system with international governance benchmarks. The initiative builds on existing...
The Asian Development Bank (ADB) said multilateral development banks (MDBs) are coordinating efforts to help countries manage the economic fallout from the conflict in the Middle East through financing support, policy assistance, private-sector instruments, and technical expertise. In a statement...
The Bangko Sentral ng Pilipinas (BSP) will grant a reprieve from penalties to rural and cooperative lenders adjusting to the more rigorous credit and equity reporting system, part of an ongoing effort to sharpen oversight of the financial sector’s risk exposures. BSP Deputy Governor Lyn I. Javier...
Seven multilateral development banks (MDBs), including the Manila-based Asian Development Bank and the World Bank Group (WBG), pledged coordinated support measures to help countries manage the economic fallout from the ongoing conflict in the Middle East. In a joint statement released in Paris,...
Philippine banks shrugged off the sharp reversal in foreign-exchange trading to post a 2.9 percent increase in net income in the first quarter of the year, driven by higher interest income and the steady expansion in their loan portfolios. Data from the Bangko Sentral ng Pilipinas (BSP) showed that...
Philippine banks’ bad loan ratio improved to 3.29 percent as of end-March, marking a three-month low as lending growth accelerated at a faster pace than the increase in soured loans. The latest Bangko Sentral ng Pilipinas (BSP) data showed that the banking industry’s gross non-performing loan...
Philippine banks must strengthen safeguards against money laundering and terrorism financing across all payment activities, the Bangko Sentral ng Pilipinas (BSP) ordered, warning that banks remain accountable for violations even when using third-party payment aggregators. Under Memorandum No....
The Philippine banking system remains largely insulated from the escalating geopolitical volatility in the Middle East, bolstered by record asset levels and capital buffers that have outpaced the nation’s broader economic growth, according to the Bangko Sentral ng Pilipinas (BSP). In its latest...
