Various
Two Filipino Fintech Leaders Recognised at SFF Global Fintech Awards
Two Filipino fintech companies’ leaders received awards at the recent Singapore Fintech Festival (SFF) Global FinTech Awards 2022 UNO Digital Bank Manish Bhai, Founder, CEO, was awarded the Top 10 FinTech Leaders award. Meanwhile, GeiserMaclang founder Cristina Amor Maclang walked
Read More
Digital PERA Contributors Triple as More Filipinos Set Aside Funds for Retirement
The number of Personal Equity and Retirement Account (PERA) contributors almost tripled two years after the Bangko Sentral ng Pilipinas (BSP) launched the Digital PERA in September 2020. The Digital PERA is an online one-stop shop where investors can open
Read More
Ayala’s BPI and Gokongwei-Led Robinsons Bank to Complete Merger by 2023
The Ayala-led Bank of the Philippine Islands (BPI) has inked a deal for a merger with the Gokongwei-led Robinsons Bank Corporation (RBC). According to CNN Philippines, both entities are aiming to finalise the merger before the end of 2023 as
Read More
BSP Issues ESG Guidelines to Push for Sustainable Investment Activities
The Bangko Sentral ng Pilipinas (BSP) has issued guidelines to banks on the integration of sustainability principles for investment activities. Banks are expected to consider their sustainability objectives in their investment activities and ensure that such investment contributes to sectors
Read More
Citi Wraps up Sale of Philippines Consumer Business to UnionBank for US$700 Million
Citi announced that it has completed the sale of its Philippines Consumer Business to UnionBank of the Philippines. The deal is expected to be worth approximately US$700 million. The transaction covers Citi’s local credit card, unsecured lending, deposit and investment
Read More
ADB Helps Asian Cities Tap Private Sector Financing to Meet Their Climate Goals
The Asian Development Bank (ADB) has launched a new initiative to provide direct advisory support to help cities across Asia and the Pacific to meet their climate resilience goals while improving their infrastructure and urban services. The Creating Investable Cities
Read More
BSP Now on Its Third Phase of Sustainability-Related Regulations
The Bangko Sentral ng Pilipinas (BSP) is now on its third phase of sustainability-related regulations with the recent release of draft guidelines on the integration of sustainability principles in banks’ investment activities. The central bank said that the finalisation of
Read More
Demand for Sustainable Finance on the Rise in APAC
Across Asia-Pacific (APAC), sustainable finance services are growing in popularity among consumers. But despite rising demand for greener and more sustainable products, skepticism remains over how strongly banks are committed to their sustainability agenda. This is according to a new
Read More
Diokno Steps Down to Welcome Medalla as New BSP Governor
Former Bangko Sentral ng Pilipinas’ (BSP) Governor has stepped down to hand over the leadership of the central bank to Felipe M. Medalla. A Monetary Board member since 2011, Governor Medalla is a seasoned economist and professor whose career in
Read More
ING Set to Shutter Its Philippines’ Retail Banking Business Before the Year Ends
ING announced that it will leave the retail banking market in the Philippines before the end of 2022. It will, however, continue to invest in its wholesale banking business and global shared services operations in the Philippines. According to ING,
Read More