Banking & Insurance
GoTyme Bank attracts 6.5M users, ₱30B in deposits
GoTyme Bank has reached key performance milestones, now serving 6.5 million users and managing over ₱30 billion in customer deposits, positioning itself among the country’s top digital banking players.
Resilient OFW inflows boost May remittances to $2.66B
Cash remittances rose 2.9 percent year-on-year to US$2.66 billion in May, driven by continued inflows from overseas Filipinos (OFs), according to the Bangko Sentral ng Pilipinas (BSP).
Thrift banks push for regulatory reforms and digital inclusion
The thrift banking industry recorded a 6 percent growth in total assets in 2024, reaching ₱1.10 trillion, signaling commercial momentum in promoting financial inclusion and economic resilience, according to the Chamber of Thrift Banks (CTB).
BDO closes green bond offer early on strong demand
BDO Unibank Inc., the country’s largest lender by assets, said Tuesday it has cut short the offer period for its fourth peso-denominated ASEAN Sustainability Bond due to strong investor demand.
T-bill yields ease at auction on rate cut bets
Average yields on treasury bills declined across all tenors at Monday’s auction, as expectations of further monetary easing continued to push rates lower.
