Fitch projects better reinsurance activities in lead up to 2024
Global credit watcher Fitch Ratings has recalibrated the year's reinsurance outlook to "improving" from "neutral" a while earlier to reflect the sector's strengthening financial performance going into 2024.
Small plastic cards helped boost 1Q deposits 432% higher to P27 billion
The number of so-called basic deposit accounts (BDA) rose 170 percent in the first three months this year to 21.9 million from only 8.1 million a year ago, the Bangko Sentral ng Pilipinas (BSP) said on Friday.
BPI coal loan exposure drastically falls over three years
The Bank of the Philippines Islands (BPI), which counts itself a strong supporter of sustainable financing, has brought down its exposure to coal loans from a high 45 percent of portfolio in 2020 to only 29 percent thus far this year.
While sanguine about improved finances, 7 in 10 Filipinos eventually drop plans of acquiring a loan – survey
More than eight of 10 in the Visayas and Mindanao are sanguine about their personal finances improving over the next 12 months, according to...
Cost pressures, low government consumption moderate 2Q growth of only 4.3%
Local output growth measured as the gross domestic product (GDP) expanded at a slower pace of only 4.3 percent in the second quarter this...
