Banking & Insurance
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.
EastWest shifts to customized solutions with the launch of Horizons Club
East West Banking Corp.(EastWest) has introduced the EastWest Horizons Club, a specialized banking program designed for emerging affluent Filipinos. This new offering combines personalized financial guidance with lifestyle privileges and priority services, marking the bank’s shift away from generic products toward solutions that match how customers today live, earn, save, and invest.
Inflation fears keep T-Bill rates elevated
Treasury bill yields ended mixed at Monday’s auction as persistent inflation risks, slowing growth concerns, and global market uncertainty continued to keep borrowing costs elevated.
