Banking & Insurance

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, 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.

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.

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 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.