Banking & Insurance
Pre-need industry marks 25 years; urges Filipinos to plan ahead
The Philippine Federation of Memorial, Pension, and Education Plan Companies, Inc. (PFPMEP) stressed the growing role of the pre-need industry in protecting Filipino families as it successfully concluded the 25th Pre-Need Consciousness Week earlier this month.
Dominic Edgard Cabangon steps down as Citystate Savings chairman: new director named
Dominic Edgard A. Cabangon has resigned as chairman and director of Citystate Savings Bank, effective February 25, citing personal reasons.
Igloo goes AI-native, eyes Philippine market
Regional insurtech Igloo is doubling down on artificial intelligence in 2026, accelerating its transformation into an AI-native company as it targets rapid expansion in the Philippines.
Chinabank posts record profit in 2025, boosts balance sheet
China Banking Corp., the country’s fifth largest lender by assets and part of the Sy Group, delivered a banner performance in 2025 with record net income of P28 billion, up 13 percent from a year earlier, as core lending and fee businesses powered broad-based growth.
GSIS pushes stronger industry coordination at BAP Advisory Council
The president and general manager of the Government Service Insurance System Jose Arnulfo “Wick” Veloso and the former president of the Bankers Association of the Philippines, joined top banking leaders at the BAP Annual Advisory Council meeting, underscoring the urgency of tighter coordination across the financial sector.
