Banking & Insurance
PSBank 1H net profit bolstered by strong loan demand, better credit quality
Strong consumer demand for loans and a significant improvement in credit quality bolstered earnings in the first half of Philippine Savings Bank, the thrift banking arm of the Metrobank Group.
Maya rolls out saving program in partnership with TNT Mobile
Value mobile services brand TNT has partnered with Maya in rolling out the ‘TNT Alkansya’ program that rewards subscribers with instant cashback when saving on the Maya app.
PayMongo partners with YelloX to strengthen supply chain enterprises
PayMongo, a leading digital financial services company, partnered recently with YelloX, a renowned platform for end-to-end supply chain management, to streamline payment processing and fund management for supply chain enterprises.
BPI plans quarterly sale of SEED bonds
The Bank of the Philippine Islands (BPI) is considering the sale of green or other bonds every quarter as an efficient and cheap source of fresh funds.
BPI projects two rounds of policy rate cuts this year
The Bank of the Philippine Islands (BPI) is convinced the country's inflation path is "clearly under control" and projected two rounds of interest rate cuts by the Bangko Sentral ng Pilipinas (BSP) before the year is out.
