Digital payment transactions coursed through PESONet and InstaPay surged to ₱13.18 trillion in the first five months of the year, with transaction volumes nearly tripling as Filipinos increasingly rely on digital channels for their daily needs. According to the latest data from the Bangko Sentral...
Money sent home by overseas Filipinos (OFs) fell to $2.72 billion in April, dropping from the $2.87 billion recorded in March to hit its lowest level since May last year, as tighter budgets constrained cash transfers. According to the latest data from the Bangko Sentral ng Pilipinas (BSP) released...
Philippine banks’ bad loan ratio deteriorated to 3.37 percent as of end-April 2026, marking an eight-month high, likely due to the delayed impact of elevated borrowing rates on borrowers. The latest Bangko Sentral ng Pilipinas (BSP) data showed that the banking industry’s gross non-performing...
The Bangko Sentral ng Pilipinas (BSP) is facing a delicate balancing act as foreign and local lenders price in a minimum five percent benchmark interest rate by the end of 2026. Economists said that mounting stagflationary pressures and the potential de-escalation of geopolitical conflicts in the...
Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona Jr. has urged banks to continue strengthening governance, transparency, and internal controls, saying these safeguards become most critical during periods of economic and financial uncertainty. Speaking during the inaugural Corporate...
Debt watcher Moody’s Ratings has downgraded Union Bank of the Philippines’ (UnionBank) credit ratings, citing deteriorating asset quality following rapid growth in retail lending and rising problem loan ratios. In its latest rating action issued on Monday night, April 21, Moody’s cut the...
Union Bank of the Philippines, a member of the Aboitiz Group, has successfully raised P18.17 billion of peso-denominated fixed rate bonds via an oversubscribed dual tranche offering. In a disclosure to the Philippine Stock Exchange (PSE), the bank said this is its largest bond issuance from...
Union Bank of the Philippines (UnionBank), a member of the Aboitiz group of companies, has started the public offering on fixed rate bonds from its P50 billion bond program. In a disclosure to the Philippine Stock Exchange (PSE), the bank said it is offering 1.5-year Senior Fixed Rate Series F...
I'D GIVE MY LIFE FOR YOU Miss Saigon centers around the tragic romance of American GI Chris and Vietnamese bar girl Kim The heat is on in Manila as GMG Productions, in association with GWB Entertainment, has announced that Cameron Mackintosh’s globally acclaimed production of Boublil &...
Typically, to receive their payroll, employees have to visit a bank branch, fill up application forms, create the account, and come back for the ATM card after several days. All of this is very inconvenient which can translate to dissatisfaction with their company so early in their employment....
From left: Jeff Navarro, Country Manager, Visa Philippines & Guam; Vishal Kadian, Cards & Personal Loans Head, Unionbank of the Philippines; and Cindy Deng, President & CEO - DAVI. Go Rewards and UnionBank partner to give Filipino shoppers the only credit card they’ll ever need at Robinsons...
Union Bank of the Philippines (UnionBank) has consistently proven itself to be the undisputed digital leader in the country’s banking industry. Its recent win of an unprecedented sixth consecutive “Digital Bank of the Year” award from renowned financial news and research publication The...
