Banking & Insurance
Asialink Finance secures ₱500M funding for underserved sector support
Asialink Finance Corp. (AFC) has obtained a ₱500 million sustainability-linked social facility from Cathay United Bank. The funding will let AFC expand loans to rural micro, small, and medium enterprises (MSMEs), unbanked individuals, and women-owned businesses — key drivers of local employment and economic resilience.
Regulators push credit-linked parametric insurance to boost climate-resilient lending
The Bangko Sentral ng Pilipinas (BSP) and Insurance Commission (IC) said that combining parametric insurance with loans can expand financing to climate-vulnerable sectors like agriculture, fisheries, and micro, small, and medium enterprises (MSMEs), while strengthening the financial system’s ability to manage risks.
Security Bank names JD Yap as new CFO
Security Bank Corp. has appointed executive vice president John David “JD” Yap as its new chief financial officer (CFO), starting June 13, 2026. He takes over from senior vice president Allen Reyes, who will leave the bank on June 12 to pursue other career opportunities.
BSP holds first corporate governance summit to boost bank stability and resilience
The Bangko Sentral ng Pilipinas (BSP) hosted its first-ever Corporate Governance (CG) Summit on Monday in Manila, gathering leaders from universal, commercial, and digital banks alongside regulators and industry experts. The event, themed “Navigating the Future: Governance in Action,” aims to raise governance standards and ensure strong oversight as the financial sector faces rapid changes.
Cebuana Lhuillier drives shift from access to active finance use
Financial inclusion in the Philippines has made significant strides, with formal account ownership nearly doubling since 2011 based on the World Bank’s Global Findex Database. But the deeper challenge is now emerging as access has expanded faster than sustained usage of financial services.
