Philippines
UnionBank launches forex mobile platform
UnionBank launches forex mobile platform
Customers will be able to access forex rates throughout the day.
Philippine central bank to relax rules on ASF, COVID-hit banks
BSP may stagger booking allowance of credit losses and waive penalties.
Wells Fargo mulls slashing 700 jobs in Manila
A portion of these roles will be moved to India.
TONIK ties up with Finastra to support Philippine virtual bank launch
It will launch in the country sometime in 2020.
New regulation may promote Islamic banking in the Philippines
But Islamic banks are not expected to take significant market share in the medium term.
Online financial services rising amongst older Southeast Asians
The Philippines has its largest share of 41 to 60 year old users of online lending services.
Surge in Philippine property prices threaten banking system
A boom in the POGO sector led to a 10% YoY rise in residential real estate prices in Q3 2019.
TONIK Digital Bank to launch in the Philippines in 2020
It will offer a full range of retail banking services, primarily retail deposits and consumer loans.
Philippine central bank chief signals possible interest rate cut in Q1
The bank lowered rates by 75 basis points last year.
Seafarer-focused e-money app MarCoPay obtains licence in the Philippines
The app will use QR codes to help seafarers manage and remit salaries.
How UnionBank is future-proofing its workforce against digital disruptions
In anticipation of the future of work, it launched UnionBank University about a decade ago to stay ahead.
Philippine household lending grew 26.2% in September
This was due to growth of motors, credit card, and salary-based consumption loans.
Philippines pushes for national QR code standard
The National Quick Response (QR) Code Standard aims to boost financial inclusion.
Philippine banks' real estate exposure grows in Q2
It accounted for nearly a fifth of total loans in June.
Regulator reins in Philippine banks deemed 'too big to fail'
The central bank will adopt threshold levels and new indicators.
Foreign currency loans extended by Philippine banks up 11.6% in June
Low interest rates attracted borrowers.
Margins of big Philippine banks widen in H1
On the other hand, NIMs of mid-sized players shrank.
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