Banking & Insurance
BSP lawyer wins Woman Influencer in Financial Services award
Bangko Sentral ng Pilipinas (BSP) senior assistant governor Arifa A. Ala was awarded the “Woman Influencer in Financial Services Industry” by the World Financial Innovation Series (WFIS) on 24 September 2025 in Pasay City.
National Reinsurance keeps strong credit ratings
Global credit rating agency AM Best has reaffirmed its solid rating for National Reinsurance Corp. of the Philippines (Nat Re) and kept its rating outlook at stable. AM Best maintained Nat Re’s Financial Strength Rating of B++ (Good), Long-Term Issuer Credit Rating of “bbb” (Good), and Philippine National Scale Rating of aa+.PH (Superior).
BSP recognizes Visayas partners for advancing financial inclusion and stability
The Bangko Sentral ng Pilipinas (BSP) honored ten outstanding institutional partners from the Visayas during the 2025 Outstanding BSP Stakeholders Appreciation Ceremony (OBSAC), underscoring the critical role of collaboration in achieving a stable, inclusive financial system.
UnionBank to inject P1.5B into CitySavings
Union Bank of the Philippines, the banking arm of the Aboitiz Group, has approved a capital infusion of up to P1.5 billion into its thrift bank subsidiary, City Savings Bank Inc. (CitySavings), to support the latter’s continued expansion and operational needs.
Foreign currency reserves rise in September
The country's gross international reserves (GIR) increased to US$108.8 billion in September, up from US$107.1 billion at the end of August this year.
