Banking & Insurance
BDO 1H profit rose despite higher costs
BDO Unibank Inc., the Philippines' largest lender by assets, announced a 3 percent increase in net profit for the first half of the year, reaching P40.61 billion.
Alternergy hits ₱4.9B in loans for Rizal wind farm
Alternergy Holdings Corp. subsidiary Alternergy Tanay Wind Corp. has secured the third drawdown of ₱1.4 billion from its ₱5.3-billion loan facility with Bank of the Philippine Islands (BPI) and Security Bank, the company announced Sunday.
Banks still cautious on lending, but tightening slows — BSP
The various banks are maintaining a cautious stance toward lending, though signs of easing in their risk aversion emerged in the latest 2Q 2025 Senior Bank Loan Officers’ Survey (SLOS) released by the Bangko Sentral ng Pilipinas (BSP).
GSIS expands emergency loan program across more Luzon areas
The Government Service Insurance System (GSIS) has broadened its emergency loan program to include additional localities in Luzon and the National Capital Region (NCR), following new state of calamity declarations by local government units.
Thrift banks hailed as pillars of resilience amid strong economic outlook
The Department of Finance (DOF) lauded thrift banks as “anchors of resilience” in the Philippine financial system during the 2025 Annual Convention of the Chamber of Thrift Banks (CTB). DOF undersecretary Domini S. D. Velasquez praised the sector’s role in supporting grassroots communities and sustaining financial momentum during economic shifts.
