Banking & Insurance
BSP wins IACA Award for coin deposit machine innovation
The Bangko Sentral ng Pilipinas (BSP) has won the “Best Recirculation/Distribution Initiative or Innovation” award at the 2024 Excellence in Currency Awards for Coin, hosted by the International Association of Currency Affairs (IACA) in Lisbon, Portugal.
Maya redefines banking in PH with 52% growth in deposit balances
Maya, among the leading digital banks in the country, has reported a robust 52 percent year-on-year increase in deposit balances, reaching ₱36 billion as of September 2024.
A new chapter for CIBI: Pia Arellano takes the helm as CEO
CIBI Information, Inc., the country's first and only local credit bureau, is embarking on a transformative journey with the appointment of Pia Arellano as its new president and CEO. Known for her impressive track record in banking, financial services, payments, remittance, and telecommunications, Pia brings nearly three decades of experience to the role, positioning CIBI for greater innovation and expansion in the rapidly evolving financial landscape.
BSP Governor Remolona recognized among World’s Best Central Bankers
Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona, Jr. was honored with an “A-” rating by Global Finance Magazine in its 2024 Central Banker Report Cards, recognizing his leadership and the BSP’s performance over the past year.
Philippine banks remain strong, driven by solid growth and reforms
Philippine banks have demonstrated sustained growth and resilience, according to the Bangko Sentral ng Pilipinas (BSP) in its recently released Report on the Philippine Financial System for the First Semester of 2024.
