State-run Social Security System (SSS) said that its enhanced pension loan program (PLP) declined by double digits in the first eight months of the year due to lower number of pensioner-borrowers. (MANILA BULLETIN FILE PHOTO) In a statement, Aurora C. Ignacio, SSS president and chief executive...
The Bank of the Philippine Islands (BPI) and Ford Philippines are making it easier for customers to own their dream Ford vehicles through flexible auto loans and exclusive discounts. Under the partnership, customers can avail easy-to-own plans for the Ford Ranger, Ford Territory, and Ford Everest....
Banks' non-performing loans (NPL) ratio still remained unchanged at 4.51 percent in August from the previous month, July, the Bangko Sentral ng Pilipinas (BSP) reported. The total bad loans reached P491.93 billion in August or 61.28 percent from P304.99 billion the same month last year. Compared to...
Pag-IBIG Fund posted record-highs anew for the period January to August 2021 as members availed of its housing loan program and voluntary savings program in record numbers amid the pandemic, top officials of the agency announced during its Virtual Stakeholders’ Accomplishment Report held online,...
Pag-IBIG Fund posted earnings of P16.11 billion in the first half of 2021 amid the challenges posed by the continuing health crisis, a 14 percent increase compared to the same period last year, its top officials reported on Wednesday, 25 August. From January to June, Pag-IBIG Fund’s gross income...
Fiber broadband provider Converge Information and Communications Technology Solutions, Inc. took out a P3 billion term loan with state-owned Land Bank of the Philippines (LANDBANK) to fund its terrestrial and subsea domestic fiber backbone network. Meta3 The total loan package from LANDBANK also...
Banks are warned against what the central bank referred to as organized crime groups’ (OCG) modus operandi using auto loan products to sell carnapped vehicles to unsuspecting buyers or bank borrowers. In a memo released over the weekend, Bangko Sentral ng Pilipinas (BSP) Deputy Governor Chuchi G....
The Japan International Cooperation Agency (JICA) approved the fourth and final tranche of its standby loan, which will be used in the Philippines’ post-pandemic recovery programs, the Department of Finance (DOF) announced. JICA In a statement, Finance Secretary Carlos G. Dominguez III said the...
State-owned Social Security System (SSS) said its educational loans increased by more than half in the first semester of the year due to additional expenses incurred by students for flexible learning amid the pandemic. In a statement on Friday, July 23, Aurora C. Ignacio, SSS president and chief...
The central bank’s Monetary Board has approved $2.8 billion worth of government or public sector foreign borrowings in the second quarter this year, down by 59 percent from same time in 2020 of $6.84 billion. The government raised EUR2.10 billion ($2.49 billion) from a Euro-denominated bond...
The Land Bank of the Philippines (LANDBANK) had so far released more than P13 billion in loans and cash grants to nearly a million farmers and fishermen for this year, the bank's latest data showed. As of May 31, LANDBANK has assisted cumulatively 2.7 million farmers and fishers nationwide, of...
State-run Social Security System (SSS) said the pension fund began the mandatory use of payment reference number (PRN) for salary, calamity, emergency, and restructured loan payment transactions starting this month. In a statement, Aurora C. Ignacio, SSS president and chief executive officer said...
