Philippines
BNPL firm Atome secures $75m facility from Lending Ark
BNPL firm Atome secures $75m facility from Lending Ark
Lending Ark has invested over $1b in Asia.
GCash offers free insurance with mobile load purchases via GInsure
Eligible users can receive up to $540.
RCBC partners with MoneyHero to enhance credit card services
RCBC’s card products will be integrated in Money Hero’s digital platform.
BDO names new head of comptrollership group
Gwyneth Entao previously served as finance head of the Philippine bank’s consumer banking group.
ADVANCE.CBP, Korea Credit Bureau ink MOU for cross-border credit info exchange
Over 70,000 overseas Filipino workers in Korea will be able to use their credit information.
Credit card, production drive Philippine bank lending growth in April
Loans to non-residents declined at a faster rate.
BDO’s asset quality stable whilst funding, liquidity its ‘key strengths’: Moody’s
Problem loan ratio coverage is one of the strongest in the Philippines.
EastWest modernises retail and corporate operations with SaaS adoption
It expects to benefit the bank’s more than 3 million customers in the Philippines.
RCBC posts ₱1.517t in assets in strong Q1 2025 performance
The report showed a QoQ increase in both solo and consolidated assets. On a solo basis, RCBC’s total assets rose to ₱1.509t.
UnionBank unveils fully digital personal loan application process
Loans can be provided in as fast as 5 minutes upon approval.
Security Bank partners with tax filing platform Taxumo to offer business loans
Loan products include an express loan, mortgage loan, and working capital loan.
Chinabank’s net income up 10% to $116.8b in Q1 2025
Net interest income and total assets both grew double digits during the quarter.
BDO Network Bank is officially a thrift bank
It has secured regulatory approvals to convert from a rural bank.
Philippine bankers’ orgs ink MOU to improve banking skills
They will promote seminars, conferences, conventions, and training programs.
Philippine banks' lending grows at a slower pace in March 2025
Consumer loans grew 23.6% from more credit cards, motor vehicles, and general loans.
Filipinos spent 49 years using non-bank digital lending apps in 2024
Active users wer said to have spent 12 minutes and 14 seconds per month using such apps.
BSP warns of entity fraudulently using its name and logo
The entity collects fees and personal info to purportedly secure clearance for loans.
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