Banking & Insurance

Philippine banks could see their bad-loan ratio rise to as high as 7 percent from 5.6 percent as inflation squeezes household incomes, credit growth weakens, and riskier unsecured loans come under pressure, S&P Global Ratings said.

Treasury bill yields rose across all maturities at Monday’s auction as the Bangko Sentral ng Pilipinas’ recent rate hike pushed borrowing costs higher and investors braced for the possibility of further monetary tightening.

Filipino micro, small, and medium enterprises (MSMEs) could gain wider access to financing and regional markets as ASEAN moves toward deeper digital integration, but barriers to formalization and differing regulations must first be addressed, according to Mynt, operator of GCash.

Many Filipino working adults find themselves raising children, caring for aging parents, and planning their own future all at once. This group, known as the sandwich generation, stretches finances across two generations daily.

East West Banking Corp., led by the Gotianun family, has set the price range for its stock rights offering at P10.80 to P11.05 per share, with a par value of P10 each. The bank targets to raise around P9 billion through the offer, which will be listed on the Philippine Stock Exchange.