Banking & Insurance
BSP clarifies digital transfer fee rules as financial institutions comply with new guidelines
Most banks, e-wallet providers, and electronic money issuers (EMIs) have successfully aligned their operations with the Bangko Sentral ng Pilipinas (BSP) Circular No. 1238.
China Bank Savings upgrades Bulacan hub for educators
China Bank Savings (CBS) has reopened its upgraded Automatic Payroll Deduction (APD) Lending Center in Malolos, Bulacan, as the thrift bank strengthens its footprint outside Metro Manila and deepens its focus on serving the country's education sector.
BSP issues reminder on prompt submission of foreign borrowings plan
The Bangko Sentral ng Pilipinas (BSP) is calling on Philippine-based entities to submit their foreign borrowings plan for the fourth quarter of 2026 and the full year 2027 on or before September 30.
Lender’s solar mortgage program posts 89% expansion
The Bank of the Philippine Islands (BPI) reported an 89 percent increase in its solar financing portfolio in 2025, only one year after introducing its Solar Mortgage offering under BPI Green Solutions in 2024. The strong growth shows more Filipino homeowners are turning to solar power to cut electricity expenses and build long-term savings.
BPI clears merger to strengthen digital banking
The Bank of the Philippine Islands (BPI) has secured final regulatory approvals to merge two of its thrift banking subsidiaries, a move that underscores the lender's push to streamline operations, strengthen capital efficiency, and sharpen its digital banking strategy.
