Banking & Insurance
RCBC renewable energy loans surpass coal for first time
Rizal Commercial Banking Corp. (RCBC) said Wednesday that its renewable energy (RE) loan portfolio has surpassed its coal financing for the first time, marking a major milestone in its shift toward sustainable finance.
Toyota taps Second ELV Dismantling Facility Under Global Sustainability Drive
Toyota Motor Philippines Corporation (TMP) has officially named Standard Insurance Co., Inc. as the second model End-of-Life Vehicle (ELV) dismantling facility in the Philippines under the global “Toyota Global 100 Dismantlers Project.”
Thrift banks post loan growth just under 15 percent in 2024
The Chamber of Thrift Banks (CTB) on Tuesday reported strong financial performance for the thrift banking sector in 2024, underscoring its expanding role in inclusive finance and SME support. As of year-end, total assets reached ₱1.10 trillion, marking a 6 percent increase year-on-year.
BSP highlights credit surety funds as key to MSME financing
The Bangko Sentral ng Pilipinas (BSP), in partnership with the Cooperative Development Authority (CDA), is spotlighting the impact of credit surety funds (CSFs) in improving micro, small, and medium enterprise (MSME) access to financing.
RCBC names new CEO in leadership transition
Rizal Commercial Banking Corp. (RCBC) has appointed Reginaldo “Reggie” Cariaso as its new president and chief executive officer, effective today.
