Banking & Insurance
UnionBank profit more than doubles on lending growth
Union Bank of the Philippines delivered a strong earnings rebound in the first half of 2026, with net income more than doubling as sustained consumer lending, rising fee income and improving asset quality underscored the bank's recovery strategy.
Etiqa celebrates seven years with stronger customer-first strategy
Etiqa Philippines is marking its seventh year under the Etiqa brand by doubling down on customer experience, operational efficiency, and broader insurance access, underscoring how insurers are increasingly competing on service quality as much as product offerings.
Scam Watch clarifies BSP rules on reimbursement claims
Scam victims may be entitled to reimbursement if banks or other financial institutions fail to meet their obligations under the Anti-Financial Account Scamming Act (AFASA), according to Scam Watch Pilipinas, which urged the financial sector to strengthen its readiness as the law takes effect.
BSP names new assistant governor for financial markets
The Bangko Sentral ng Pilipinas has named Dino R. Gasmen as the new Assistant Governor for the Financial Markets sector, with his formal appointment set to take effect on January 18, 2027.
BSP tells banks to boost cybersecurity vs AI-driven cyber threats
The Bangko Sentral ng Pilipinas (BSP) is calling on all banks and other institutions under its watch to step up their cybersecurity protections, as rapid developments in artificial intelligence give cybercriminals more powerful ways to carry out attacks.
