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...
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,...
