Category : Banking Finance


Philippine Financial System Resilience Reaffirmed

The Financial Stability Coordination Council confirms the Philippine banking system's strength, backed by robust capital and liquidity, while intensifying surveillance on corporate and consumer risks to ensure ongoing stability.

Landbank-LMP Partnership to Accelerate Local Development

Land Bank of the Philippines and the League of Municipalities of the Philippines have signed a Memorandum of Agreement to enhance access to financing and technical support for 1,486 municipalities, aiming to improve public services and infrastructure.

Philippines External Debt Drops in Q4 2025

The Philippines' external debt decreased by 1.0% in Q4 2025, falling to $147.65 billion. Debt manageability improved slightly despite weak economic growth, with the debt-to-GDP ratio dropping to 30.3%.

SSS North Luzon Launches Online Pensioner Confirmation

The Social Security System's North Luzon 1 division introduces an online Annual Confirmation of Pensioners service using the PSA's National ID eVerify system, allowing pensioners to complete proof-of-life checks remotely via facial scan and biometric veri

BSP's Open Finance Pilot Simplifies Pera Account Opening

The Bangko Sentral ng Pilipinas' Open Finance for Pera Pilot enables customers of GCash, UnionBank, PNB, and RCBC to open retirement accounts online with Atram Trust, streamlining the process and enhancing accessibility.

Bank Lending Growth Slows to 9.3% in January

Bank lending growth in the Philippines decelerated to 9.3% year-on-year in January 2026, down from December's 9.6%, with foreign loan demand collapsing and business lending showing uneven performance.

Bank Lending Growth Slows in January 2026

Preliminary data reveals that loans from universal and commercial banks grew at a slower annual rate of 9.3% in January 2026, with business and consumer lending showing mixed trends as the BSP ensures financial stability.

BOF Bank Expands Solar Power Across Pampanga Branches

Pampanga-based BOF Bank has installed solar panels at six sites, including its Corporate Center and five branches, with plans for three more in 2026. The initiative supports climate action and includes a solar loan program for clients.

Payroll Staff Arrested for Embezzling P37,000 in Cebu

A 29-year-old payroll staff member, alias Chris, was arrested in Barangay Mambaling, Cebu City, for allegedly embezzling over P37,000 by adding his name to the payroll list and deducting from coworkers' salaries.

BSP Raises Cash Withdrawal Threshold to ₱1 Million

The Bangko Sentral ng Pilipinas has increased the cash withdrawal limit requiring enhanced due diligence from ₱500,000 to ₱1 million to streamline legitimate transactions while maintaining anti-money laundering safeguards.

BSP Raises Cash Withdrawal Due Diligence to P1M

The Bangko Sentral ng Pilipinas has increased the cash withdrawal threshold for enhanced due diligence from P500,000 to P1 million to streamline legitimate transactions while maintaining anti-money laundering safeguards.

BSP Sees February 2026 Inflation Within 2.3-3.1% Range

The Bangko Sentral ng Pilipinas projects February 2026 inflation between 2.3% and 3.1%, with risks from rice, fish, and energy prices offset by lower costs for vegetables and peso appreciation. Metrobank aligns with a 2.4% forecast, noting base effects an

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